Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

تمرين 25

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.