This topic contains a solution. Click here to go to the answer

Author Question: Transactions in the sales journal are posted both to the general ledger and the accounts receivable ... (Read 145 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
Transactions in the sales journal are posted both to the general ledger and the accounts receivable ledger.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A court judgment rendered against a county in Year 1 ordered it to pay the plaintiff 500,000 in equal 100,000 installments over a five-year period. 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
  e. report an other financing use of 100,000 in Year 1



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Zebsrer

  • Sr. Member
  • ****
  • Posts: 284
Answer to Question 1

True

Answer to Question 2

C




jhjkgdfhk

  • Member
  • Posts: 569
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)


kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

For a complete list of videos, visit our video library