Answer:
Fund: General Fund,
Function/Program: Public Safety,
Organizational Unit: Police Department,
Activity: Patrol services,
Object: Uniforms
Explanation:
Fund: General Fund,
Function/Program: Public Safety,
Organizational Unit: Police Department,
Activity: Patrol services,
Object: Uniforms
Answer:
$30,560
Explanation:
The computation of the income tax expense for the year 2016 is shown below:
= Taxable income × enacted tax rate
= $152,800 × 20%
= $30,560
Simply we multiply the taxable income with the enacted tax rate so that the correct amount of income tax expense can come
All other information which is given is not relevant. Hence, ignored it
Answer:
Reconciled bank balance = $1475
Explanation:
given data
Bank balance = $1,725
deposits outstanding total = $3,100
checks outstanding total = $3,350
solution
we get here Reconciled bank balance that is express as
Reconciled bank balance = Bank balance + total deposits outstanding - total checks outstanding .....................1
put here value and we get
Reconciled bank balance = $1,725 + $3,100 - $3,350
Reconciled bank balance = $1475
Given:
60-day, 9% note for 10,000
The maturity value is: 10,150
10,000 x 9% x 60/360 = 150 interest
10,000 + 150 = 10,150
The 9% is the annual interest on the note.
60-day is the term of the note.
The note will mature at the end of July or on August 1st.
Answer:
Year end Adjusting Entry
Dr. Cr.
1.
Interest Revenue $410
Rent Revenue $410
2.
Property Tax Expense $800
Property Tax payable $800
3.
Service Revenue $3,300
Unearned Service Revenue $3,300
4.
Interest Revenue $300
Rent Revenue $300
5.
Salaries Expense $650
Salaries Payable $650
