Business, 12.12.2019 06:31 katiewhitlock1014

On the advice of the city attorney, a city jail debt service fund is opened to account for debt service transactions related to the bond issue sold on january 1, 2017 (see part 1).

required:

a. open a general journal for the city jail debt service fund. record the following transactions, as necessary. control accounts are not necessary

(1) the premium described in transaction 1 of part 1 was received as a transfer from the capital projects fund.
(2) cash in the amount of $160,000 was received from the general fund on june 30 and was transferred to the fiscal agent.
(3) the fiscal agent reported that checks dated july 1 had been mailed to bondholders for interest due that day.
(4) the transfer described in part c of part 1 was received.
(5) cash in the amount of $360,000 was received from the general fund on december 31 and transferred to the fiscal agent to be used for interest and principal payments due on january 1 (next fiscal year). the government elected to not accrue the interest at year-end.
(6) $ 200,000 of the remaining cash on hand was invested.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 20:30

Licensing is perhaps the easiest method of entering into international trade. another method of entering international trade, which can be relatively low risk, is which opens several levels of involvement to company

Answers: 2

Answer

Business, 22.06.2019 03:40

Apharmaceutical packaging company (ppc) has decided to reorganize its processes into cells. the company has four different production operations, each requiring a unique piece of equipment. the names and functions of the four pieces of equipment are sort, count, place, and package. the company packages five different families of products (a, b, c, d, and e). the tables below indicate the demand (total units/day by product family), required operations, and operation cycle times for each product family. assume that any individual piece of equipment is available to operate 16 hours/day, but 2 hours (in total) are lost each day on each piece of equipment due to breaks and meetings when operators are not available to operate the equipment. how many minutes/day are available for production

Answers: 3

Answer

Business, 22.06.2019 10:40

Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?

Answers: 1

Answer

Business, 22.06.2019 17:30

Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?

Answers: 2

Answer

You know the right answer?

On the advice of the city attorney, a city jail debt service fund is opened to account for debt serv...

Questions