Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

تمرين 71

Prepare journal entries for the Cits of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements.
a. A new truck for the sanitation department was ordered at a cost of $94,000.
b. The city print shop did $1.200 worth of work for the school system (but has not yet been paid).
c. An $11 million bond was issued to build a new road.
d. Cash of $ 140,000 is transferred from the General Fund to provide permanent financing for a municipal swimming pool that will be viewed as an Enterprise Fund.
e. The truck ordered in ( a ) is received at an actual cost of $96,000. Payment is not made at this time.
f. Cash of $32,000 is transferred from the General Fund to the Capital Projects Fund.
g. A state grant of $30,000 is received that must be spent to promote recycling.
h. The first $5,000 of the state grant received in ( g ) is appropriately expended.