Author Question: The General Fund had the following transactions during the month of June: Took delivery of 10 new ... (Read 82 times)

clmills979

  • Hero Member
  • *****
  • Posts: 551
The General Fund had the following transactions during the month of June:
   Took delivery of 10 new patrol cars that had been ordered and encumbered the previous month  total cost 270,000
   Issued purchase orders totaling 25,000 for
 
  various supplies
   Issued payroll checks in the amount of 110,000
   Various other short term liabilities were incurred in the amount of 1,500
 
  Expenditures in the General Fund for the month of June would be
  a. 381,500
  b. 111,150
  c.  25,000
  d. 136,500
  e. None of the above.

Question 2

Managerial accountants would be responsible for providing information regarding
 a. tax reports to government agencies
  b. profit reports to owners and management
  c. expansion of a product line report to management
  d. consumer reports to customers



Harbringer

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

A

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

For a complete list of videos, visit our video library