« previous next »

Author Question: Which line item does not properly belong in the balance sheet of a governmental fund? a. ... (Read 73 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?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

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?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

The b sheet, another common secondary structure in proteins The b sheet, another common secondary structure in proteins
Material Balance on Coolers in series Material Balance on Coolers in series
Fuel should be heard returning to the fuel tank at the fuel return line if the fuel pump and ... Fuel should be heard returning to the fuel tank at the fuel return line if the fuel pump and ...
The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ... The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ...
Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out
Find the curved line Find the curved line
Video: Mechanism of enzyme action

For a complete list of videos, visit our video library