Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 10. on may 1, 2019, the city of ramtha, which repo

10. On May 1, 2019, the city of Ramtha, which reports on a calendar-year basis,...

50.1K

Verified Solution

Question

Accounting

10. On May 1, 2019, the city of Ramtha, which reports on a calendar-year basis, ordered five cars at an estimated cost of $200,000. On July 30, 2019, the cars were received, and the actual cost amounted to $197,000. Ramtha encumbered the appropriation for cars in its general fund when the cars were ordered. When the cars were received, the general fund of Ramtha should record the following (make an entry):

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What are the future value and the interest earned if 3600 is invested for 6...

Basic Math
Q

Complete this table of values for four aqueous solutions at 25

Chemistry
Q

what is the short circuit current (Isc) and open circuit voltage (Voc) and how can I...

Physics
Q

A sound wave has a propagation speed of 349 m/s, a frequency 1026 Hz, and has...

Physics
Q

The regulation of the blood glucose level represents an important feedback loop in the hu...

Biology
Q

approximation to three decimal places b 1 c 24 The exact value of a is...

Geometry
Q

The regular hexagon has a radius of 4 in 4 in What is the approximate...

Geometry
Q

E7.5 (Algo) Calculating Ending Inventory and Cost of Goods Sold Under...

Accounting
Q

Linda Blair found the following when carrying out her bank reconciliation:...

Accounting
Q

Pteri Manufacturing makes a single product - the Pteri. Information for 2005 appears below: What...

Accounting
Q

Solve it

Accounting
Q

Under full accrual accounting, which of the following is not part of the definition of...

Accounting