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Author Question: Which transaction is normally recorded in a special journal? a. sales returns b. depreciation ... (Read 72 times)

mckennatimberlake

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on: Jul 5, 2018
Which transaction is normally recorded in a special journal?
 a. sales returns b. depreciation expense
  c. purchases on account d. issued stock dividend

Question 2

Tinsel Town has only two funds, the General Fund (GF), and a Capital Projects Fund (CPF).
 
  Summarized operating statements for each of the funds for fiscal 2013 are as follows:
   GF CPF Total
   Revenues 100  -- 100
   Expenditures 89 62 151
   Bond proceeds -- 70 70
   Increase in fund balance 11 8 19
   Beginning fund balance 52 0 52
   Ending fund balance 63 8 71
 
   The total net position balance for Tinsel Town's governmental activities at the end of fiscal 2013 is
   a. 63
   b. 43
   c. 68
   d. 75


essyface1

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Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

a (71 + 62 - 70)


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