prepare an accounting journal entry for the following Journal Transactions Prepare journal entries...

80.2K

Verified Solution

Question

Accounting

prepare an accounting journal entry for the following

image

Journal Transactions Prepare journal entries to record the following transactions of the state of Missouri, identifying the funds affected by each transaction. Record journal entries for all funds affected. The following are estimated revenues for the AOZ Special Revenue fund of the State of Missouri, Esitmated appropriations for Technology is expected to be S180,000. Please provide the budgetary entry required. $175,000 2,000 Taxes... Interest and penalties. Fines and fees. Permits 700 300 Animal licenses 900 Rents.... 500 Other licenses. 3.500 1,000 Interest $183,900 $100,000 of General Fund cash was contributed to establish a new Internal Service Fund The following are revenues for the AOZ Special Revenue fund of the State of Missouri. Actual collections were made during the year for all but 20,000 of the taxes. Those taxes are not expected to be made until 90 days after year end. Taxes Interest and penalties Fines and fees.. Permits Animal licenses $90,000 1.000 50 140 800 Rents. 45 Other licenses. 2.000 $94.035 - General city payroll was approved and paid, S1,630,000 Materials and supples were purchased for the Fire Department on account, $13,200 The General Fund was billed $700 by the Electric Utility Enterprise fund for electricity for the month General Fund cash of $50,000- to be repaid in 90 days-was provided to enable construction to begin a new technology center. 3 Journal Transactions Prepare journal entries to record the following transactions of the state of Missouri, identifying the funds affected by each transaction. Record journal entries for all funds affected. The following are estimated revenues for the AOZ Special Revenue fund of the State of Missouri, Esitmated appropriations for Technology is expected to be S180,000. Please provide the budgetary entry required. $175,000 2,000 Taxes... Interest and penalties. Fines and fees. Permits 700 300 Animal licenses 900 Rents.... 500 Other licenses. 3.500 1,000 Interest $183,900 $100,000 of General Fund cash was contributed to establish a new Internal Service Fund The following are revenues for the AOZ Special Revenue fund of the State of Missouri. Actual collections were made during the year for all but 20,000 of the taxes. Those taxes are not expected to be made until 90 days after year end. Taxes Interest and penalties Fines and fees.. Permits Animal licenses $90,000 1.000 50 140 800 Rents. 45 Other licenses. 2.000 $94.035 - General city payroll was approved and paid, S1,630,000 Materials and supples were purchased for the Fire Department on account, $13,200 The General Fund was billed $700 by the Electric Utility Enterprise fund for electricity for the month General Fund cash of $50,000- to be repaid in 90 days-was provided to enable construction to begin a new technology center. 3

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students