week 4 assignment
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week 4 assignment

Course Number: ACC 205, Spring 2011

College/University: Ashford University

Word Count: 243

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ASHFORDNOTFORPROFITWEEK410THED 8-10. CITY OF SOUTH PITTSBURGH WORKSHEET ENTRIES DEBITS 1. REVENUES-PROPERTY TAXES 89,000 NET ASSETS 2. DEFERRED REVENUES-PROPERTY TAXES 89,000 100,000 REVENUES-PROPERTY TAXES 3. PUBLIC SAFETY EXPENSE 100,000 250,000 250,000 COMPENSATED ABSENCES PAYABLE 4. PUBLIC SAFETY EXPENSE 22,000 NET PENSION OBLIGATION 5. TRANSFERS IN TRANSFERS OUT CREDITS 22,000...

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ASHFORDNOTFORPROFITWEEK410 TH ED 8-10. CITY OF SOUTH PITTSBURGH WORKSHEET ENTRIES D EBITS C REDITS 1. R EVENUES-P ROPERTY T AXES N ET A SSETS 89,000 89,000 2. D EFERRED R EVENUES-P ROPERTY T AXES R EVENUES-P ROPERTY T AXES 100,000 100,000 3. P UBLIC S AFETY E XPENSE C OMPENSATED A BSENCES P AYABLE 250,000 250,000 4. P UBLIC S AFETY EXPENSE N ET P ENSION OBLIGATION 22,000 22,000 5. T RANSFERS I N T RANSFERS O UT 1,100,000 1,100,000 9-5. SOUTHERN STATE UNIVERSITY STATEMENT OF NET ASSETS JUNE 30, 2012 A SSETS : C URRENT A SSETS : C ASH AND C ASH E QUIVALENTS S HORT-T ERM I NVESTMENTS A CCOUNTS R ECEIVABLE , N ET I NVENTORIES T OTAL C URRENT A SSETS $ 154,000 1,444,000 325,000 333,000 2,256,000 N ONCURRENT A SSETS : R ESTRICTED C ASH AND C ASH E QUIVALENTS L ONG-T ERM I NVESTMENTS E NDOWMENT I NVESTMENTS C APITAL A SSETS , N ET OF D EPRECIATION T OTAL N ONCURRENT A SSETS T OTAL A SSETS 92,000 1,683,000 6,123,000 7,226,000 15,124,000 $17,380,000 L IABILITIES : C URRENT L IABILITIES

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