Answer:
B
Explanation:
i just took the test and got it correct
They want to donate cause they want to help people who needs help.
Answer:
The City of Willows
Reconciliation Entries:
Debit Cash $500
Credit Deferred Revenue $500
To record the increase of deferred revenue.
Debit Compensated Absences Expense $150
Credit Compensated Absences Liability $150
To record the increase of compensated absences.
Explanation:
a) Data and Calculations:
Beginning balances:
Deferred Revenue = $3,500
Compensated Absences Liability = $1,000
Increases during the year:
Deferred Revenue = $500
Compensated Absences = $150
Reconciliation Entries:
Cash will increase by $500 and Deferred Revenue will increase by $500
Expenses will increase by $150 and Compensated Absences (Liability) will increase by $150.
Based solely on the ending cash b as landed amount provided, it a year over year decrease of 45,000.
Answer: See explanation
Explanation:
The following can be calculated from the information given:
Total Asset Fair Value which will be:
= Land + Building + Equipment
= 73200 + 268400 + 97600
= $439200
Recorder Amount will now be:
Land = 73200 / 439200 × 384300
Land = 64050
Building = 268400 / 439200 × 384300
Building = 234850
Equipment = 97600 / 439200 × 384300
Equipment = 85400
