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Part A . Prepare journal entries, in good form, per requirements below. Clearly indicate what fund in which the entry is recorded. You need only
Part A Prepare journal entries, in good form, per requirements below. Clearly indicate what fund in which the entry is recorded. You need only prepare entries for the City of Rockford Rockford Funds for all funds affected. Ignore Encumbrance Accounting. Use No Entry" as your answer if none is required. The Rockford city manager, at the end of the year, with the authority from the city charter, decides to put aside $ for new computers throughout the administrative departments. a Entryies in preparation of yearend financial statements. Rockford's GF has a beginning supplies inventory equal to $ Rockford uses the Purchases Method and has used the method appropriately throughout the year. The supplies inventory count equals $ at the end of the year. a Entryies for preparation of yearend financial statements. Rockford's GF lends $ to Rockford's Internal Service Fund loan for a year period a Entry for the loan. b Entryies in preparation of yearend financial statements. Rockford receives $ for a state grant to expand the children's section of the library for special needs children. There are no time limits associated with this grant. Rockford expended $ during this year for this program. Rockford uses the GF for grants. a Entry for receipt of grant monies. b Entry for monies spent. c Entryies in preparation of yearend financial statements. Rockford receives notice that the city is awarded a $ grant for a social media awareness program. The grant monies will be received on a reimbursement basis. Rockford spends $ for this program throughout the current year. Rockford uses the GF for grants. a Entry on date of grant award. b Entry for spending made related to social media
Part A Prepare journal entries, in good form, per requirements
below. Clearly indicate what fund in which the entry is recorded.
You need only prepare entries for the City of Rockford
Rockford Funds for all funds affected. Ignore Encumbrance
Accounting. Use No Entry" as your answer if none is required.
The Rockford city manager, at the end of the year, with the
authority from the city charter, decides to put aside $
for new computers throughout the administrative
departments.
a Entryies in preparation of yearend financial
statements.
Rockford's GF has a beginning supplies inventory equal to
$ Rockford uses the Purchases Method and has used
the method appropriately throughout the year. The supplies
inventory count equals $ at the end of the year.
a Entryies for preparation of yearend financial
statements.
Rockford's GF lends $ to Rockford's Internal
Service Fund loan for a year period
a Entry for the loan.
b Entryies in preparation of yearend financial
statements.
Rockford receives $ for a state grant to expand the
children's section of the library for special needs children.
There are no time limits associated with this grant.
Rockford expended $ during this year for this
program. Rockford uses the GF for grants.
a Entry for receipt of grant monies.
b Entry for monies spent.
c Entryies in preparation of yearend financial
statements.
Rockford receives notice that the city is awarded a
$ grant for a social media awareness program. The
grant monies will be received on a reimbursement basis.
Rockford spends $ for this program throughout the
current year. Rockford uses the GF for grants.
a Entry on date of grant award.
b Entry for spending made related to social media
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