Author Question: If the governing body contritutes 65,000 from the General Fund to a Debt Service Fund, the General ... (Read 129 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
If the governing body contritutes 65,000 from the General Fund to a Debt Service Fund, the General Fund statements should report
 
  a. a debt service expenditure of 65,000
  b. an other financing use of 65,000
  c. a capital contribution of 65,000
  d. a reimbursement of 65,000
  e. None of the above.

Question 2

On October 30, goods with a list price of 9,500 are sold, subject to a trade discount of 25 percent with terms of 2/10, n/30 . Payment is received from the customer on November 5 . The amount recorded in the Sales Discounts Debit column on November 5 is
 a. 2,375.
   b. 190.
   c. 6,762.
   d. 142.50.
   e. 0.



dajones82

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

B

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

For a complete list of videos, visit our video library