Preparation of journal entries for a number of transactions Prepare journal entries for the following transactions for the City of Riverview, ID. a. The City Council approved its budget for the year for estimated revenues of $3,700,000 and appropriations of $3,500,000. b. Revenues received in cash amounted to $3,600,000 for the year. c. The City issues $500,000 of purchase orders. d. Received part of the goods ordered in Part c that were expected to cost $450,000 along with an invoice of $445,000. The remaining $50,000 of purchase orders are still outstanding and unpaid at year-end. e. The City paid $2,000,000 of wages to City employees during the year. These wages were not evidenced by a formal encumbrance since they are recurring in nature.
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 20:00, princesincer9256
The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer:
Answers: 2
Business, 22.06.2019 23:00, kavron2322
Draw a flowchart for a process of interest to you, such as a quick oil-change service, a factory process you might have worked in, ordering a pizza, renting a car or truck, buying products on the internet, or applying for an automobile loan. identify the points where something (people, information) waits for service or is held in work-in-process inventory, the estimated time to accomplish each activity in the process, and the total flow time. evaluate how well the process worked and what might be done to improve it.
Answers: 2
Business, 23.06.2019 03:00, oliviacalhoun29
If big macs were a durable good that could be costlessly transported between countries, which of the following would present an arbitrage opportunity? check all that apply. exporting big macs from argentina to the united states. exporting big macs from the united kingdom to poland. exporting big macs from switzerland to china
Answers: 1
You know the right answer?
Preparation of journal entries for a number of transactions Prepare journal entries for the followin...
Questions in other subjects:
Social Studies, 12.02.2021 22:40
Computers and Technology, 12.02.2021 22:40
Mathematics, 12.02.2021 22:40
