For each of the summarized transactions for the Village of Sycamore General Fund, prepare the general ledger journal entries.
a. The budget was formally adopted, providing for estimated revenues of $1,075,000 and appropriations of $1,005,000.
b. Revenues were received, all in cash, in the amount of $1,018,000.
c. Purchase orders were issued in the amount of $485,000. Of the $485,000 in (c), purchase orders were filled in the amount of $478,500; the invoice amount was $477,000 (not yet paid).
d. Expenditures for payroll not encumbered amounted to $517,000 (not yet paid).
e. Amounts from (d) and (e) are paid in cash
Answers: 1
Business, 22.06.2019 06:30
Select all that apply. select the ways that labor unions can increase wages. collective bargaining reducing the labor supply increasing the demand for labor creating monopolies
Answers: 1
Business, 22.06.2019 10:30
The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?
Answers: 3
Business, 22.06.2019 17:50
Bandar industries berhad of malaysia manufactures sporting equipment. one of the companyโs products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?
Answers: 1
Business, 23.06.2019 11:00
Which of the following can an interviewer legally ask you about at a job interview? a. your marital status b. whether or not you have medical conditions c. whether or not youโve been convicted of a crime d. your age
Answers: 1
For each of the summarized transactions for the Village of Sycamore General Fund, prepare the genera...
Mathematics, 11.04.2020 00:55
Biology, 11.04.2020 00:55
English, 11.04.2020 00:55
History, 11.04.2020 00:55
Mathematics, 11.04.2020 00:55
Mathematics, 11.04.2020 00:55
History, 11.04.2020 00:55