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Author Question: The General Fund had the following transactions during the month of June: Took delivery of 10 new ... (Read 77 times)

clmills979

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on: Jul 6, 2018
The General Fund had the following transactions during the month of June:
   Took delivery of 10 new patrol cars that had been ordered and encumbered the previous month  total cost 270,000
   Issued purchase orders totaling 25,000 for
 
  various supplies
   Issued payroll checks in the amount of 110,000
   Various other short term liabilities were incurred in the amount of 1,500
 
  Expenditures in the General Fund for the month of June would be
  a. 381,500
  b. 111,150
  c.  25,000
  d. 136,500
  e. None of the above.

Question 2

Managerial accountants would be responsible for providing information regarding
 a. tax reports to government agencies
  b. profit reports to owners and management
  c. expansion of a product line report to management
  d. consumer reports to customers


Harbringer

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Reply #1 on: Jul 6, 2018
Answer to Question 1

A

Answer to Question 2

c


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clmills979

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Reply #2 on: Jul 6, 2018
Correct answers!


Harbringer

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Reply #3 on: Jul 6, 2018
Great! Please up vote :D


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