This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The municipalities for whom the county collects property taxes paid 5,000 in administrative fees to ... (Read 18 times)

c0205847

  • Hero Member
  • *****
  • Posts: 531
on: Jul 5, 2018
The municipalities for whom the county collects property taxes paid 5,000 in administrative fees to county to cover collection costs. The county will report
 
  A. Revenues of 5,000 in the General Fund.
  B. Revenues of 5,000 in the Agency Fund.
  C. Other financing sources of 5,000 in the General Fund.
  D. Other financing sources of 5,000 in the Agency Fund.

Question 2

The entry to adjust for the cost of supplies used during the accounting period is
 a. debit Supplies Expense; credit Supplies
  b. debit Owner Capital; credit Supplies
  c. debit Accounts Payable; credit Supplies
  d. debit Supplies; credit Owner Capital


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Leostella20

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

a


c0205847

  • Member
  • Posts: 531
Reply 2 on: Jul 5, 2018
Excellent

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage, During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage,
Qualifications of Certified Medical Administrative Specialist Qualifications of Certified Medical Administrative Specialist
Distribution of the Property of Americans Distribution of the Property of Americans
Administrative and Clinical Procedures for the Canadian Health Professional, 4/E Administrative and Clinical Procedures for the Canadian Health Professional, 4/E
Time spent on, paid work and housework, by living arrangements of Canadian Time spent on, paid work and housework, by living arrangements of Canadian
Video: Digestion Animation

For a complete list of videos, visit our video library