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

Author Question: A court judgment was rendered against a county in which they were ordered to pay 500,000 in equal ... (Read 47 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530
on: Jul 5, 2018
A court judgment was rendered against a county in which they were ordered to pay 500,000 in equal installments over a five-year period to the plaintiff. The county's General Fund will
 
  A. Report a fund liability of 500,000 in Year 1.
  B. Report expenditures of 500,000 in Year 1.
  C. Report expenditures of 100,000 in Year 1.
  D. Report expenditures of 100,000 in Year 1 and a fund liability of 400,000.

Question 2

March 10 Accounts Payable 800 Cash 800 Paid creditors on account. What effects does this journal entry have on the accounts?
 a. decrease Accounts Payable, increase Cash
  b. increase Cash, decrease Accounts Payable
  c. increase Accounts Payable, increase Cash
  d. decrease Accounts Payable, decrease Cash


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

adf223

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

d


ereecah

  • Member
  • Posts: 530
Reply 2 on: Jul 5, 2018
Gracias!

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

A photograph of Commodore Matthew Perry in 1855 juxtaposed with a Japanese portrait of him. When Per A photograph of Commodore Matthew Perry in 1855 juxtaposed with a Japanese portrait of him. When Per
The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ... The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ...
Great Serpent Mound, Adams County, Ohio, Hopewell culture. Great Serpent Mound, Adams County, Ohio, Hopewell culture.
Judgment of Hunefer Before Osiris Judgment of Hunefer Before Osiris
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Video: Kidney Stones

For a complete list of videos, visit our video library