The city council made an appropriation to the police department of $95,000 for the purchase of supplies, equipment, and vehicles. The following transactions and events occurred regarding this appropriation. Prepare an appropriations ledger, using columns for Encumbrances (Dr. and Cr.), Expenditures, and Available Balance. Then, prepare journal entries to record the transactions and events. Post the appropriation amount and the journal entries to the appropriations ledger. Charge all expenditures to Supplies and equipment. Make sure your final posting shows the remaining amount available for spending.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The city council made an appropriation to the police department of $95,000 for the purchase of supplies, equipment, and vehicles. The ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Scenario 1: suppose savers either buy bonds or make deposits in savings accounts at banks. initially, the interest income earned on bonds or deposits is taxed at a rate of 20%.
Answers (1)
All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.
Answers (1)
On December 2, Coley Corp. acquired 1,000 shares of its $2 par value common stock for $27 each On December 20, Coley Corp. resold 400 shares for $30 each.
Answers (1)
The estimated variance for an activity with a most likely time (m) equal to 11 days, the optimistic time (a) equal to 6 days, and the pessimistic time (b) equal to 18 days is
Answers (1)
According to lan Redpath and Robert Lickwar, which of the following is correct regarding calculation of the business interest limitation? A. For a C corporation, it is calculated at the stockholder's level. B.
Answers (1)
New Questions in Business
In Illinois Mobile homes are generally considered?
Answers (1)
In 2019, Grant's personal residence was completely destroyed by fire. He was insured for 100% of his actual loss, and he received the insurance settlement. Grant had adjusted gross income before considering the casualty item of $30,000.
Answers (1)
In the current year, Apricot Corporation had taxable income of $120,000. Included in taxable income was a $10,000 capital gain. The $120,000 of taxable income does not include a $15,000 capital loss carryforward available from the previous year.
Answers (1)
28. After aging Accounts Receivable, Z Company estimates uncollectible for 2015 to be $4,000. The balance in the allowance account at January 1, 2015 was a $300 credit. During the year, Z Co. wrote off $400 of accounts receivable.
Answers (1)
When mr. jones, the owner of a local hardware store, asks one of his lawnmower suppliers about the total ability of their product to meet customer needs, he is questioning the quality of that mower?
Answers (1)