Author Question: If the governing body contritutes 65,000 from the General Fund to a Debt Service Fund, the General ... (Read 123 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
If the governing body contritutes 65,000 from the General Fund to a Debt Service Fund, the General Fund statements should report
 
  a. a debt service expenditure of 65,000
  b. an other financing use of 65,000
  c. a capital contribution of 65,000
  d. a reimbursement of 65,000
  e. None of the above.

Question 2

On October 30, goods with a list price of 9,500 are sold, subject to a trade discount of 25 percent with terms of 2/10, n/30 . Payment is received from the customer on November 5 . The amount recorded in the Sales Discounts Debit column on November 5 is
 a. 2,375.
   b. 190.
   c. 6,762.
   d. 142.50.
   e. 0.



dajones82

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

B

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

For a complete list of videos, visit our video library