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
Which of the following is true regarding the Comprehensive Annual Financial Report (CAFR) ? A. The CAFR has three main sections: introductory, financial, and statistical B.
Answers (1)
Even Better Products has come out with an even better product. As a result, the firm projects an ROE of 20%, and it will maintain a plowback ratio of 0.30. Its earnings this year will be $2 per share.
Answers (1)
Frequently, project managers lack legitimate power based upon position and instead resort to persuading others based upon personal relationships. This type of power is known as: a. positional power b. referent power c. coercive power d.
Answers (1)
What year was intel added to djia
Answers (1)
What is the name of the practice that many modular organization use to grow? Multiple Choice operational effectiveness outsourcing strategic leveraging strategic enabling
Answers (1)
New Questions in Business
Which of the following is not a legal characteristic of a corporation? A. Transerferable Shares. B. Perpetual life. C. Legal protection from lawsuits. D. Limited liability
Answers (1)
West County Bank agrees to lend Pharoah Company $432000 on January 1. Pharoah Company signs a $432000, 6%, 6-month note.
Answers (1)
True/False: the two most common means of acquisition are the entrepreneur's direct purchase of the firm's entire stock or assets or the bootstrap purchase of these assets.
Answers (1)
A specific territory or zone that has laws and regulations different from the rest of the country is called a (n) A. work zone. B. border zone. C. tax-free zone. D. economic zone.
Answers (2)
Bruce is a salaried nonexempt employee who earns $42,500 annually, paid semimonthly, plus a 0.25% commission on all regional sales, paid monthly on the first pay date of the following month. During the month of May, the regional sales were $103,500.
Answers (1)