Chap018-baker 38

Chap018-baker 38 - 5. $6,000 (Item #2 states that $109,000...

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Chapter 18 - Governmental Entities: Special Funds and Government-Wide Financial Statements 18-38 P18-18 Questions on Fund Transactions [AICPA Adapted] 1. $104,500 (Stated in item #3.) 2. $17,000 (Stated in item #4.) 3. $125,000 (Item #5 states that $83,000 is reserved for encumbrances. To this is added the $42,000 reserve for the ending inventory.) 4. $236,000 (Item #1 states that $600,000 of bond proceeds were received in the capital project fund, less $364,000 of construction expenditures in the period.)
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Unformatted text preview: 5. $6,000 (Item #2 states that $109,000 tax revenues were received from which $81,000 and $22,000 was expended.) 6. $104,500 (Stated in item #3.) 7. $386,000 (Item #1 states construction expenditures of $364,000 plus item #2 states a motor vehicle purchase of $22,000.) 8. $100,000 (Item #3 states a reduction in long-term debt principal of $100,000.) 9. $181,000 (Item #6 states that $181,000 was used to purchase supplies during the period.) 10. $190,000 (Item #6 states encumbrances of $190,000.)...
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This note was uploaded on 10/09/2011 for the course ACC 253 taught by Professor Strimling during the Fall '11 term at Harper.

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