« previous next »

Author Question: Increases are entered on the credit side of a(n) a. asset account. b. liability account. c. ... (Read 148 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
on: Jul 5, 2018
Increases are entered on the credit side of a(n)
 a. asset account.
   b. liability account.
   c. expense account.
   d. drawing account.

Question 2

The Cable Enterprise Fund purchased 300,000 of capital equipment during the year. The one-worksheet conversion adjustment necessary for the preparation of the government-wide financial statements would be
   Debit Credit
 
  A. Capital Assets
   Capital Outlay Expenditures 300,000
  300,000
  B. Capital Assets
   Cash 300,000
  300,000
  C. Capital Assets
   Capital Contributions 300,000
  300,000
  D. Capital Assets
   Capital Outlay Expenses 300,000
  300,000


ladyjames123

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Far side of the Moon Far side of the Moon
Right foot from the tibia side Right foot from the tibia side
Warning stamped on the side of a punch that goggles should be worn when using this tool. Always ... Warning stamped on the side of a punch that goggles should be worn when using this tool. Always ...
The side injector combines with the shape of the piston to create a swirl as the piston moves up ... The side injector combines with the shape of the piston to create a swirl as the piston moves up ...
Apply pincer pressure to TrPs in sternocleidomastoid (SCM) muscle. Turn head to side to expose SCM; ... Apply pincer pressure to TrPs in sternocleidomastoid (SCM) muscle. Turn head to side to expose SCM; ...
Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ... Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ...
Video: Exercise and cardiac output

For a complete list of videos, visit our video library