The City of Jackson Hole adopted the following General Fund budget for the Fiscal year: Estimated revenues: Taxes $ 3,000,000 Intergovernmental revenues 1,000,000 Licenses and permits 400,000 Fines and forfeits 150,000 Miscellaneous revenues 100,000 ————- Total estimated revenues $ 4,650,000 Appropriations: General government $ 1,000,000 Public safety 2,000,000 Public works 950,000 Health and welfare 850,000 Miscellaneous revenues 50,000 —————– Total appropriations $ 4,850,000 Prepare a summary general journal entry to record the adopted budget at the beginning of the fiscal year. (If no entry is required for a transaction/event, select “No Journal Entry Required” in the first account field.)
The Fort Ellis city council approved and adopted its fiscal…
The Fort Ellis city council approved and adopted its fiscal year budget. The budget for the General Fund contained the following amounts: Estimated revenues $ 1,900,000 Appropriations $ 1,860,000 Authorized transfer to the debt service fund $ 30,000 When the General Fund budget for the fiscal year is recorded, indicate whether each of the following accounts should be debited (D), credited (C), or is not affected (N). ENTER D, C OR N IN THE BLANK BOX FOR EACH QUESTION. 1. Estimated revenues 2. Budgetary Fund balance 3. Appropriations 4. Estimated other financing uses 5. Estimated other financing sources
For each of the following definitions, select the key term f…
For each of the following definitions, select the key term from the list that relates to general capital assets and capital projects. Bond anticipation notes Infrastructure assets Service Concession Arrangements General capital assets Capital projects funds Asset impairment Intangible assets Depreciation ENTER A, B, C, D, E, F, G OR H IN THE BLANK BOX FOR EACH QUESTION. 1. Assets that lack physical substance and are nonfinancial in nature. 2. Short-term interest-bearing instruments issued by a government with a plan to replace with longer-term debt. 3. Roads, bridges, curbs and gutters, streets, sidewalks, and drainage systems installed for the common good. 4. Capital assets of a government that are not recorded in a proprietary or fiduciary fund. 5. Significant, unexpected decline in the service utility of a capital asset.
Two new 3D printers were purchased for use by the city clerk…
Two new 3D printers were purchased for use by the city clerk’s office using General Fund resources. The printers cost $24,500 each; the city’s capitalization threshold is $4,500. Which of the following entries would be required to record this transaction?
Parents’ occupations are of little interest to young childre…
Parents’ occupations are of little interest to young children.
According to Khalidi, the first Intifada was the unintended…
According to Khalidi, the first Intifada was the unintended consequence of another event. Which one?
Which of the following is NOT true of Johann Sebastian Bach…
Which of the following is NOT true of Johann Sebastian Bach (1685-1750)?
Aretha’s Franklin’s Gospel singing background includes the f…
Aretha’s Franklin’s Gospel singing background includes the fact that:
Gregorian chants are based on the major and minor scales.
Gregorian chants are based on the major and minor scales.
Which laboratory result will the nurse expect to observe in…
Which laboratory result will the nurse expect to observe in this patient that supports the diagnosis in question #40?