Transactions in the sales journal are posted both to the general ...

[jhjkgdfhk]

Transactions in the sales journal are posted both to the general ledger and the accounts receivable ledger.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A court judgment rendered against a county in Year 1 ordered it to pay the plaintiff 500,000 in equal 100,000 installments over a five-year period. The county's General Fund will
 
  a. report a fund liability of 500,000 in Year 1
  b. report expenditures of 500,000 in Year 1
  c. report expenditures of 100,000 in Year 1
  d. report expenditures of 100,000 in Year 1 and a fund liability of 400,000
  e. report an other financing use of 100,000 in Year 1

[Zebsrer]

Answer to Question 1

True

Answer to Question 2

C

[jhjkgdfhk]

Wow, this really help

[patma1981]

Thanks for the timely response, appreciate it