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 123 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
Excellent


hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

For a complete list of videos, visit our video library