Author Question: Which of the following interfund transactions will be reported as a separate line item in the ... (Read 18 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
Which of the following interfund transactions will be reported as a separate line item in the operating statement of a General Fund?
 
  a. short-term interfund loan received
  b. transfer out to a debt service fund
  c. reimbursement received from a special revenue fund
  d. long-term interfund loan received

Question 2

Indicate whether the following error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. The adjustment for accrued fees of 1,170 was journalized as a debit to Accounts Receivable for 1,170 and a credit to Fees Earned for 1,107.



wergv

  • Sr. Member
  • ****
  • Posts: 365
Answer to Question 1

b

Answer to Question 2

The total will be unequal with a debit total higher by 63 (1,170  1,107).



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

For a complete list of videos, visit our video library