Question
The Town of Hyde Park, OH signed a contract for street improvements to be performed by a private contractor in the amount of $2,205,600, during
The Town of Hyde Park, OH signed a contract for street improvements to be performed by a private contractor in the amount of $2,205,600, during FY 2017. Assume all transactions occur in FY 2017.
1. Journalize in the Capital Projects Fund, the contract agreement:
2. The contractor submitted a billing requesting 12 payment for work completed. Journalize the necessary entry(ies) in the Capital Projects Fund:
3. The Town issued $ 1,000,000 bonds at 102. Journalize the entry in the Capital Projects Fund:
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Fundamentals Of Cost Accounting
Authors: Michael W Maher, William N. Lanen, Madhav V. Rajan
1st Edition
0073018376, 978-0073018379
