This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume the following transactions occurred in a school district General Fund during the year ... (Read 13 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
on: Jul 6, 2018
Assume the following transactions occurred in a school district General Fund during the year
 
   Charges for services collected -  25,000
   Taxes levied - 2,450,000
   Taxes collected from current year levy and prior year tax levies - 2,320,000
   Tax prepayments received - 10,000
   Grants earned and received during the year - 300,000
   Grants awarded but not yet available - 250,000
 
  The amount of revenues recognized in the General Fund for the year would be
  a. 2,645,000
  b. 2,785,000
  c. 3,035,000
  d. 2,905,000
  e. 2,620,000

Question 2

The purchases journal is used for the purchase of
 a. merchandise for cash.
   b. merchandise on account.
   c. assets other than merchandise for cash.
   d. assets other than merchandise on account.
   e. merchandise or other assets for cash.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shoemake

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 6, 2018
Answer to Question 1

A

Answer to Question 2

b


mpobi80

  • Member
  • Posts: 519
Reply 2 on: Jul 6, 2018
Excellent

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

General features of a growth factor or hormone signalling pathway that promotes cell division General features of a growth factor or hormone signalling pathway that promotes cell division
Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
20,000 year old spotted hyena painting from the Chauvet Cave, France 20,000 year old spotted hyena painting from the Chauvet Cave, France
Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period
A general model of the sensorimotor system. Notice its hierarchical structure, functional ... A general model of the sensorimotor system. Notice its hierarchical structure, functional ...
Honey should never be given to children younger than one year of age Honey should never be given to children younger than one year of age
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library