« previous next »

Author Question: Which line item does not properly belong in the balance sheet of a governmental fund? a. ... (Read 81 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
on: Jul 5, 2018
Which line item does not properly belong in the balance sheet of a governmental fund?
 
  a. short-term investments
  b. fixed assets
  c. cash
  d. accounts (or vouchers) payable

Question 2

On January 2, Dog Mart prepaid 30,000 rent for the year and recorded the prepayment in an asset account. Prepare the January 31 adjusting entry for rent expense.


honnalora

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

Jan. 31 Rent Expense (30,000/12) 2,500
Prepaid Rent 2,500


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Salt and water balance in water-breathers. Salt and water balance in water-breathers.
Heliospheric-current-sheet Heliospheric-current-sheet
cell line selection cell line selection
Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
Place sheet or towel over area to be heated. Use sufficient heat barrier for the heat source used. ... Place sheet or towel over area to be heated. Use sufficient heat barrier for the heat source used. ...
The Concept of Water Balance The Concept of Water Balance
Video: First Stage of Labor and Delivery Video

For a complete list of videos, visit our video library