Question
In: Accounting
1) The city of Trawville has a water enterprise fund that provides potable water for use...
1) The city of Trawville has a water enterprise fund that provides potable water for use by the residents and businesses of the city. The water enterprise fund also provides potable water to other city departments. The water enterprise fund bills the General fund $1800 and the golf course fund $1600 for the water use during the most recent month. What journal entry should be recorded in the Water enterprise fund?
2) The City of Bethville Established an Internal Service Fund to account for printing services provided to various departments of the government. Police chief, Winston Watson authorizes the payment of $2,000 for printing services provided by the Printing Services Internal Services Fund. The accounting department makes the payment. What entry should be reported in the Printing Service Fund for receipt of payment?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
The city of Brock’s Water Enterprise Fund leases water treatment equipment. The life of the noncancel-lable...
The city of Brock’s Water Enterprise Fund leases water treatment
equipment. The life of the noncancel-lable lease is 10 years, and
the expected life of the equipment is 12 years. Using an 8 percent
interest rate, the present value of the lease payments is $905,861.
The first payment of $125,000 is due when the lease begins, January
5, 2018. An additional payment is due on January 5th for each of
the next 9 years. Prepare journal entries to record:
1....
6–C. Part 2. Enterprise Fund Transactions The City of Monroe maintains a Water and Sewer Fund...
6–C. Part 2. Enterprise Fund
Transactions
The City of Monroe maintains a Water and Sewer Fund to provide
utility services to its citizens. As of January 1, 2017, the City
of Monroe Water and Sewer Fund had the following account
balances:
Debits
Credits
Cash
$ 98,000
Customer Accounts Receivable
84,000
Estimated Uncollectible Accounts Receivable
$4,000
Materials and Supplies
28,000
Advance to Stores and Services Fund
30,000
Restricted Assets
117,000
Water Treatment Plant in Service
4,200,000
Construction Work in Progress
203,000...
The City of Pfeiffer starts the year of 2017 with the general fund and an enterprise...
The City of Pfeiffer starts the year of 2017 with the general
fund and an enterprise fund. The general fund has two activities:
education and parks/recreation. For convenience, assume that the
general fund holds $123,000 cash and a new school building costing
$1 million. The city utilizes straight-line depreciation. The
building has a 20-year life and no salvage value. The enterprise
fund has $62,000 cash and a new $600,000 civic auditorium with a
30-year life and no salvage value. The...
The City of Pfeiffer starts the year of 2017 with the general fund and an enterprise...
The City of Pfeiffer starts the year of 2017 with the general
fund and an enterprise fund. The general fund has two activities:
education and parks/recreation. For convenience, assume that the
general fund holds $144,000 cash and a new school building costing
$1,180,000. The city utilizes straight-line depreciation. The
building has a 20-year life and no salvage value. The enterprise
fund has $65,000 cash and a new $360,000 civic auditorium with a
30-year life and no salvage value. The enterprise...
proposal for potable water or wastewater treatment
proposal for potable water or wastewater treatment
Why has a “water crisis” –or severe limitation of potable water --emerged in China in recent...
Why has a “water crisis” –or severe limitation of potable water
--emerged in China in recent years? What are the key drivers? Where
does it predominate geographically? What are some possible
solutions you might suggest?
1. Your local water department (probably the City of Cleveland Division of Water) provides "running" water...
1.
Your local water department (probably the City of Cleveland
Division of Water) provides "running" water service to your
residence. The water department is best described as
A.
Pure competition
B.
Monopolistic competition
C.
Oligopoly
D.
Pure monopoly
2.
The market for agricultural products (like Florida oranges) is
best described as
A.
Pure competition
B.
Monopolistic competition
C.
Oligopoly
D.
Pure monopoly
3.
Automobile manufacturing is best described as
A.
Pure competition
B.
Monopolistic competition
C.
Oligopoly
D.
Pure monopoly...
1. Your local water department (probably the City of Cleveland Division of Water) provides "running" water...
1.
Your local water
department (probably the City of Cleveland Division of Water)
provides "running" water service to your residence. The water
department is best described as
A.
Pure competition
B.
Monopolistic
competition
C.
Oligopoly
D.
Pure monopoly
2.
The market for
agricultural products (like Florida oranges) is best described
as
A.
Pure competition
B.
Monopolistic
competition
C.
Oligopoly
D.
Pure monopoly
3.
Automobile
manufacturing is best described as
A.
Pure competition
B.
Monopolistic
competition
C.
Oligopoly
D.
Pure monopoly...
Explain the issues pertinent to water (mostly potable).
Explain the issues pertinent to water (mostly potable).
Explain the issues pertinent to water (mostly potable).
Explain the issues pertinent to water (mostly potable).
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