govt hw - Xiaofeng Xing p.2-1 1 General Fund Cash $100000...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Xiaofeng. Xing p.2-1 1. General Fund Cash $100000 Grant revenue $100000 2. Special revenue Acquisition of computer (expenditures) $10000 Cash $10000 2000*5=$10000 3. General Fund Expenditures for salaries $6000 Cash $6000 4. General Fund Cash $24000 Proceeds from borrowing $24000 5. Special Revenue Fund Acquisition of automobile $ 24000 Cash $ 24000 6.Debt Service fund Expenditures for note interest $200 Cash $200 7. General fund Expenditures for destroyed computer $2000 Cash $2000 P.2-11 1. per a bond agreement the county must maintain a cash balance equal to six months’ interest-$300000. It will be report at Debt service fund. 2. $3000 per year to pay for the county’s centennial anniversary celebration and the current balance is $120000 which are reported at special Revenue, because It doesn’t hold the principal. 3. The $60000 will be reported at permanent fund. 4. The $80000 will be reported at enterprise fund. 5. $70000 will be reported at enterprise fund.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/25/2011 for the course ACCT 6053 taught by Professor More during the Spring '10 term at Arkansas State.

Page1 / 3

govt hw - Xiaofeng Xing p.2-1 1 General Fund Cash $100000...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online