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

Author Question: Interest Income would appear under which column of the worksheet a. Income Statement, DR b. ... (Read 36 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
on: Jul 6, 2018
Interest Income would appear under which column of the worksheet
 a. Income Statement, DR
   b. Balance Sheet, DR
   c. Income Statement, CR
   d. Balance Sheet, CR

Question 2

The county issued a six-month, 6, 200,000 bond anticipation note on October 1, 20X7, to provide temporary financing for a police station construction project. The voters have not approved the bonds, but approval is expected before year-end.
 
  The county government was billed 150,000 during the year for construction costs on its capital project and 125,000 was paid. The government should report Capital Projects Fund expenditures for the year ended December 31, 20X7 of:
  a. 125,000
  b. 150,000
  c. 153,000
  d. 162,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Danny Ewald

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

C


shenderson6

  • Member
  • Posts: 573
Reply 2 on: Jul 6, 2018
Wow, this really help

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Column chromatography Column chromatography
Absorption column with all inlet and outlet feeds Absorption column with all inlet and outlet feeds
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Simultaneous Determination of Income and Modernization Simultaneous Determination of Income and Modernization
Right Lateral View of Vertebral Column Right Lateral View of Vertebral Column
A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ... A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ...
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library