Cash sales are recorded in the sales journal.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Carter County entered into a capital lease to finance a 911 emergency telecommunications system. The capitalizable cost of the equipment was 185,000 and the county made a 25,000 down payment.
The first debt service payment is not due until the next fiscal year. The entry to record the inception of this lease in the General Fund would be
dr cr
a. Expenditures 185,000Lease Payable 160,000Cash 25,000
b. Expenditures 185,000Other Financing Sources 160,000Cash 25,000
c. Expenditures 160,000Capital Asset 25,000 Lease Payable 160,000 Cash 25,000
d. Capital Asset 185,000
Lease Payable 160,000
Cash 25,000
e. Capital Asset 185,000
Other Financing Sources 160,000
Cash 25,000
Apparent and True Orbits of Alpha Centauri.
TrUe....FaLsE
Example of a patient statement.
True Dover Sole
The human X chromosome (left) and the Y chromosome (right). This false-color scanning electron micro
Marc Journal