ACCT 360 Government and Not-for-Profit Accounting

ACCT 360 Week 8 Exercise Assignment Help | Accounting Assignment Help | Franklin University E12-4(Property Tax Agency Fund) o (a) Prepare general journal entries for the following transactions in the appropriate funds and General Capital Assets and General Long-Term Liabilities accounts of a county, the county school district, and a town within the county. The county serves as the tax collection agent for the county, the county school dis

10 Other / Other Franklin University / ACCT 360 25 Jan 2019

ACCT 360 Week 8 Problem Assignment Help | Accounting Assignment Help | Franklin UniversityP12-3(Pension Trust Fund Journal Entries) The following is a trial balance of the Police Retirement Fund of the City of Cherryville at January 1, 20X7: Cash $ 6,000 Interest Receivable 450 Investments 52,000 Pensions Payable $ 150 Net Position—Restricted for Pension Benefits    

10 Other / Other Franklin University / ACCT 360 25 Jan 2019

ACCT 360 Week 7 Exercise | Accounting Assignment Help | Franklin UniversityE10-6(Grant Accounting)a. Prepare journal entries, including adjusting entries when needed, to record the following transactions in a government’s Enterprise Fund:1. Received cash for a grant of $3,000,000, which was restricted to constructing a production facility.2. Expended half of the grant funds for the construction of the building for which the grant was received

10 Other / Other Franklin University / ACCT 360 25 Jan 2019

ACCT 360 Week 7 Problem Assignment | Accounting Assignment Help 1 | Franklin UniversityP10-3(Worksheet and Statements) The City of Lynn operates its municipal airport. The trial balance of the Airport Fund as of January 1, 20X0, was as follows: Cash 37,000  $ Accounts Receivable 50,000 Allowance for Uncollectible Accounts    2,000    $ Land 200,000 Structures and Improvemen

10 Other / Other Franklin University / ACCT 360 25 Jan 2019

ACCT 360 Week 6 Accounting Assignment Help | Franklin UniversityE7-2(Multiple Choice) Identify the best answer for each of the following:1. The funding sources for a Capital Projects Fund include proceeds of a general obligation bond issuance and a capital grant from the State Highway Trust. Assuming there are no other funding sources and expenditures have not exceeded such resources, the ending fund balance should be reported asa. nonspenda

10 Other / Other Franklin University / ACCT 360 25 Jan 2019

ACCT 360 Week 5 Accounting Assignment Help 2 | Franklin UniversityE6-3(Various Entries) Record the following transactions in General Ledger accounts of the General Fund of Fergieville.1. Incurred salaries of $300,000, $280,000 of which was paid.2. A long-term note ($400,000 face value) matured. The interest of $40,000 was paid but the principal was not.3. Purchased computers with a cost of $45,000; $22,000 was paid; the balance is due and i

10 Other / Other Franklin University / ACCT 360 25 Jan 2019

ACCT 360 Week 5 Accounting Assignment Help 2 | Franklin UniversityE6-3(Various Entries) Record the following transactions in General Ledger accounts of the General Fund of Fergieville.1. Incurred salaries of $300,000, $280,000 of which was paid.2. A long-term note ($400,000 face value) matured. The interest of $40,000 was paid but the principal was not.3. Purchased computers with a cost of $45,000; $22,000 was paid; the balance is due and i

10 Other / Other Franklin University / ACCT 360 25 Jan 2019

ACCT 360 Week 5 Accounting Assignment Help | Franklin UniversityP6-3(Capital Outlay; Inventory–Consumption Method) (a) Record the following transactions in the General Fund General Ledger of Benford Township using the consumption method (periodic inventory system) to account for materials, supplies, and prepayments. Record both the budgetary and actual entries. (b) Compute the amount of expenditures to be reported in the school district Gene

10 Other / Other Franklin University / ACCT 360 25 Jan 2019

ACCT 360 Week 4 Accounting Assignment Help | Franklin UniversityHarvey City Comprehensive CaseCAPITAL PROJECTS FUNDSHarvey City has two Capital Projects Funds in 20X4. The Parks and Recreation Capital Projects Fund is created in 20X4. The Bridge Capital Projects Fund was established in 20X3, and the bridge is completed in 20X4.REQUIREMENTS—PARKS AND RECREATION CAPITAL PROJECTS FUND Prepare a worksheet for the Parks and Recreation Capital Project

10 Other / Other Franklin University / ACCT 360 25 Jan 2019

ACCT 360 Week 3 Accounting Assignment Help | Franklin UniversityE3-4(Budgetary Accounts) Indicate which of the following transactions require entries to accounts that are used only for budgetary control purposes, even if other accounts also are involved.1. Adopted the budget—estimated revenues of $5,000,000 and appropriations of $4,900,000.2. Levied property taxes of $3,500,000. Historically, 1% has been uncollectible.3. Paid salaries of $2,7

10 Other / Other Franklin University / ACCT 360 25 Jan 2019