Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Notification of an operating grant award amounting to $425,000 is received. The grant is from the Department of Housing and Urban Development for removal of

  1. Notification of an operating grant award amounting to $425,000 is received. The grant is from the Department of Housing and Urban Development for removal of lead based paint in low income housing. It is a reimbursement grant. please write journal entries

answer: no entry (Q: why is no entry)

2. The City Council and mayor pass a resolution to limit unrestricted resources of $150,000 for repairs to the city jails. No encumbrances are issued against this commitment. please write journal entries

answer: no entry (Q: why is no entry)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

The International Corporate Governance System Audit Roles And Board Oversight

Authors: F. Lessambo

1st Edition

134947178X, 978-1349471782

More Books

Students also viewed these Accounting questions

Question

6. Describe why communication is vital to everyone

Answered: 1 week ago