Basic Journal Entries--- Government Decide to transfer 40 cash to Fund Z...
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Accounting
Basic Journal Entries--- Government
- Decide to transfer 40 cash to Fund Z
- Receive notice that Fund X will send us 50.
- Levy a property tax of 200, expect 15 to go bad
- Collect 45 of the 200
- Collect sales tax, 58
- Collect fines, 39
- Receive notice of Federal grant, 700
- Get the cash
- Accrue workers salaries, 250
- Accrue utility bill, 190
- Buy machine, 500 cash
- Depreciation = 58
- Sell the machine for 470 cash
- Borrow 600 on a bond payable, at par
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