Author Question: The General Fund had the following transactions during the month of June: Took delivery of 10 new ... (Read 25 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?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

For a complete list of videos, visit our video library