Author Question: The General Fund had the following transactions during the month of June: Took delivery of 10 new ... (Read 83 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?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

For a complete list of videos, visit our video library