If a school district central treasury operates as a separate unit, give the journal entries to record

Question:

If a school district central treasury operates as a separate unit, give the journal entries to record the following:

a. Receipt of cash by the treasurer from the general fund.

b. Deposit of cash in the bank by the treasurer.

c. The receipt of a voucher.

d. The payment of a voucher.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting For School Administrators Tools For School

ISBN: 9781610487719

3rd Edition

Authors: Ronald E. Everett, Donald R. Johnson, Bernard W. Madden

See More Books

Question Posted: Jun 05, 2024 01:05 AM

See More Questions

Aman has been left one million dollars by her rich uncle. He stipulated that she receives it over thirteen years, with equal payments each year. Aman knows the effective rate of return is 5 percent....
Start of Payroll Project 7-3a October 9, 20-- No. 1 The first payroll in October covered the two workweeks that ended on September 26 and October 3. This payroll transaction has been entered for you...
The newly formed Buffalo School District engaged in the following transactions and other events during the year: 1. It levied and collected property taxes of $110 million. 2. It issued $30 million in...
Explain, in your own words, what is meant by source inspection.
A tank with an internal volume of 1 m3 contains air at 800 kPa and 25C. A valve on the tank is opened allowing air to escape and the pressure inside quickly drops to 150 kPa, at which point the valve...
What does the auditors report signify about the financial statements?
For the following WBS (Figure 8-5), draw an arrow diagram. One solution is shown in the Answers section. [FIGURE 8-5] WBS TO CLEAN ROOM Clean Room Clean curtains Vacuum carpets Pick up toys Wash...
The following transactions were selected from among those completed by Hailey Retailers in 2014: Nov. 20 Sold two items of merchandise to Baja, who charged the $ 450 sales amount on her Visa credit...
Que Homework: ACC250 Topic 7 Assignment - TOIOL Save Requirements The following transactions of Green Pharmacies occurred during 2018 and 2019: (Click the icon to view the transactions.) 1....
TIPS Total Return Reconsider the 3.5 percent TIPS discussed in problem 7-19. It was issued with CPI reference of 185.6. The bond is purchased at the beginning of the year (after the interest...
Describe the difference between a voucher and a warrant.
What are the key reasons for product cost differences between traditional costing systems and ABC systems? LO1
REQUIRED: Cost of production report under the following assumptions: Lost units - normal, discovered at the beginning Lost units - normal, discovered at the end Lost units - abnormal, discovered when...
ABC, Inc., manufactures only two products: Gadget A and Gadget B. The firm uses a single, plant wide overhead rate based on direct-labor hours. Production and product-costing data are as follows:...
.Jean Saburit has gone over the financial statements for Saburit Parts, Inc. The income statement has been prepared on an absorption costing basis and Saburit would like to have the statement revised...
When a constant force is applied to an object, the acceleration of the object varies inversely with its mass. When a certain constant force acts upon an object with mass 2 kg, the acceleration of the...
Use the following for all 3 circuits. V1 = 9.0 V, V = 12.0 V R = 2.0 ohms, R = 4.0 ohms, R3 = 6.0 ohms, R4 = 8.0 ohms C1 = 3.0 C = 3.0 (a) Find I in circuit A (b) Find I1 in circuit B R w R3 V R R4...
Slip Systems had no short-term investments prior to 2013. It had the following transactions involving short-term investments in available-for-sale securities during 2013. Feb. 6 Purchased 3,400...
What is the ideal number of children to have? This question was asked on the Sullivan Statistics Survey I. Draw a dot plot of the variable Children from theSullivanStatsSurveyI data set at...
What is the duration for the following bond with annual payments? 5.6300 5.7957 4.9894 5.1910 5.3806
DOLLAR TREE GROCERY OUTLET Short-Term Liquidity 2021 2022 2021 2022 Current Ratio 1.35 1.51 1.86 1.67 Quick Ratio 0.24 0.15 0.63 0.42 Cash Ratio Cash Conversion Cycle 34.78 45.75 19.41 21.61 Days...
A family has a $117,443, 25-year mortgage at 5.4% compounded monthly. (A) Find the monthly payment and the total interest paid. (B) Suppose the family decides to add an extra $100 to its mortgage...

If a school district central treasury operates as a separate unit, give the journal entries to record

Question:

Step by Step Answer:

Financial Accounting For School Administrators Tools For School

Students also viewed these Business questions