Acity with a 12/31 fiscal year-end requires that restaurants buy a license, renewable yearly. proceeds of the license fees are intended to pay the salaries of inspectors in the health department. licenses are issued for a fiscal year from october 1 to september 30. during 2016, cash collections related to licenses were as follows licenses issued during 2015 for the 10/1/15-9/30/16 fiscal year $ 30 licenses issued during 2016 for the 10/1/16-9/30/17 fiscal year $180 it is anticipated that during 2015 the amount collected on licenses for the 10/1/16-9/30/17 fiscal year will be $45. in september 2015 the amount collected related to 10/1/15-9/30/16 licenses was $144. what amount should be recognized as revenue in the fund financial statements for the fiscal year ended 12/31/16?

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)