Homework Clinic
Social Science Clinic => Accounting => Topic started by: erika on Jul 5, 2018
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A governmental entity has a General Fund and an Enterprise Fund. At the beginning of the year, neither fund has any unpaid salary liability. During the year, both funds paid salaries of 600,000 .
In addition, salaries for the last three days of the fiscal year (15,000 for each fund) will be paid during the first week of the next fiscal year. How much should each fund report as salary expenditures (expenses) for the fiscal year?
General Enterprise
Fund Fund
a. 600,000 615,000
b. 600,000 600,000
c. 615,000 600,000
d. 615,000 615,000
Question 2
A(n) ___________________ ___________ service acts as the EDI post office.
Fill in the blank(s) with correct word
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Answer to Question 1
d
Answer to Question 2
value-added network (VAN)
value-added network
VAN