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Author Question: Interest Income would appear under which column of the worksheet a. Income Statement, DR b. ... (Read 20 times)

shenderson6

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on: Jul 6, 2018
Interest Income would appear under which column of the worksheet
 a. Income Statement, DR
   b. Balance Sheet, DR
   c. Income Statement, CR
   d. Balance Sheet, CR

Question 2

The county issued a six-month, 6, 200,000 bond anticipation note on October 1, 20X7, to provide temporary financing for a police station construction project. The voters have not approved the bonds, but approval is expected before year-end.
 
  The county government was billed 150,000 during the year for construction costs on its capital project and 125,000 was paid. The government should report Capital Projects Fund expenditures for the year ended December 31, 20X7 of:
  a. 125,000
  b. 150,000
  c. 153,000
  d. 162,000


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Danny Ewald

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

c

Answer to Question 2

C


shenderson6

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

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Reply 3 on: Yesterday
:D TYSM

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