Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 23, 2024

City of riverbed receives the final invoice of $3000 for items previously orders. The purchase order was issue and encumbered in the prior year fiscal

City of riverbed receives the final invoice of $3000 for items previously orders. The purchase order was issue and encumbered in the prior year fiscal year for $2500.

What is journal entry for fund level in governmental accounting?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Certainly heres the journal entry for the City of Riverbed to record receiving the final invoice of ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting for Governmental and Nonprofit Entities

Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely

18th edition

1260190080, 1260190083, 978-1259917059

More Books

Students also viewed these Accounting questions

Question

★★★★★

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Answered: 1 week ago

Question

★★★★★

The City of Castletons General Fund had the following post-closing trial balance at June 30, 2019, the end of its fiscal year: During the year ended June 30, 2020, the following transactions, in...

Answered: 1 week ago

Question

★★★★★

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 1 week ago

Question

★★★★★

Rainbow manufactures wooden backyard playground equipment. Rainbow estimated $1,785,000 of manufacturing overhead and $2,100,000 of direct labour cost for the year. After the year was over, the...

Answered: 1 week ago

Question

★★★★★

Construct the empirical cumulative distribution function for the data set of bamboo shoot heights given in DS 6.6.5. Draw 95% confidence bands around the empirical cumulative distribution function....

Answered: 1 week ago

Question

★★★★★

Explain why the exchange rate moves when the BOP is not equal to zero.

Answered: 1 week ago

Question

★★★★★

For what values of a and b is the function f (x) = a(b x)2, 0 x b, the probability density function of a continuous random variable X with E(X) = 1?

Answered: 1 week ago

Question

★★★★★

For the current year ending December 31, Rotisserie Industries expects fixed costs of $1,750,000, a unit variable cost of $6.25, and a unit selling price of $8.00. a. Compute the anticipated...

Answered: 1 week ago

Question

★★★★★

4. You are the new accounts payable manager for a merchandising company that purchases its mer- chandise on credit. You are trained for your new job by the outgoing employee. You are to oversee...

Answered: 1 week ago

Question

★★★★★

Susie, Bobby and Betty are fighting over how to split a chocolate bar. Their father intervenes to resolve the dispute by instituting a modified version of "one cuts, one chooses". First, Susie will...

Answered: 1 week ago

Question

★★★★★

Susanti Berhad is considering a project which requires an investment of RM500,000. The project sales forecast under a normal economic scenario for the next 10 years is 20,000 units per annum. The...

Answered: 1 week ago

Question

★★★★★

1: Conflicts can arise between shareholders and bondholders. Outline and evaluate the causes of conflict that might arise and suggest possible solutions. Question 2: Some analysts believe that...

Answered: 1 week ago

Question

★★★★★

Ms. Marcy Van Horne's salary for 2021 is $126,000. Other Information: 1. Ms. Van Horne received a performance bonus of $25,000, one-half of which was paid in 2021, with the remaining one-half not due...

Answered: 1 week ago

Question

★★★★★

1.1 Cascade Peaks Construction: Bathroom Given the information in the scenario: i. Identify the non-conforming construction method ii. Briefly explain why the drawings do not conform to NCC's...

Answered: 1 week ago

Question

★★★★★

A rocket is launched from the ground and travels in a straight path. The angle of inclination of the rocket's path is 1.35 radians. (That is, the rocket's path and the ground form an angle measuring...

Answered: 1 week ago

Question

★★★★★

Suppose we have a uniform beam that is 60 centimetres long, and is simply supported at both ends. If the beam has a load of f(x) = 11 N/m applied to it, and has a flexural rigidity of 10,000 Nm,...

Answered: 1 week ago

Question

★★★★★

Differentiate between Current liabilities , Non-Current Liabilities and Provisions . Provide an example of each type (3 marks) . Why is it important to make this distinction?

Answered: 1 week ago

Question

★★★★★

Subtract the polynomials. (-x+x-5) - (x-x + 5)

Answered: 1 week ago

Question

★★★★★

The following is the pre-closing trial balance for Allen University as of June 30, 2020. Additional information related to net assets and the statement of cash flows is also provided. Additional...

Answered: 1 week ago

Question

★★★★★

How do health care organizations generate the majority of their revenue? What are the principal sources of this revenue?

Answered: 1 week ago

Question

★★★★★

Explain the purpose of operational accountability and the purpose of fiscal accountability. Which category of financial statements is most useful in reporting on each of these accountability concepts?

Answered: 1 week ago

Question

★★★★★

How do the duties of project managers reinforce the role of leadership?

Answered: 1 week ago

Question

★★★★★

What are some key differences between leaders and managers?

Answered: 1 week ago

Question

★★★★★

1) Imagine you are a human resources professional at Pureswing who has been assigned to develop a program for recruiting new project managers. Design a job description for the position. 2) What...

Answered: 1 week ago

Previous Question Next Question