The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It then bills other funds for their shares of the bills. On May 10, the General Fund pays an electric bill for $230,000. It then sends a bill to the Library Special Revenue Fund for $4,000, representing the library's share of the bill. Which entry should the General Fund make when it sends the bill to the Library Special Revenue Fund?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It then bills ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which is a tax in which the percentage paid increases as income increases?
Answers (1)
Stewart grants Julie a security interest in 500 shares of stock in his company in exchange for a loan. Stewart makes his loan payments on time, and his business is growing and successful.
Answers (1)
The following data pertain to Babor Company for the fiscal year ended December 31: Prior December 31 Current December 31 Purchases of materials $ 197,500 Direct labor 130,250 Indirect labor 51,500 Factory insurance 9,300 Depreciation-factory 36,250
Answers (1)
A critical assumption in the classical model is that A. markets are perfectly competitive in the short run B. markets clear in the long run C. markets clear in the short run D. markets are perfectly competitive in the long run E.
Answers (1)
Palmer Corporation borrows $40,000 cash by signing a note with the bank. Which of the following statements correctly shows the effect of this transaction on the accounting equation? Multiple Choice A.
Answers (1)
New Questions in Business
How many american adults are affected by specific phobias each year? a. 920,000 b. 13.2 million c. 26.2 million d. 19.2 million?
Answers (1)
A local government awards a landscaping company a contract worth $1.5 million per year for five years for maintaining public parks. The landscaping company will need to buy some new machinery before they can take on the contract.
Answers (1)
According to the presentation, the first step in making a major purchase is: A. choosing a salesperson B. determining the features C. you want to do your research D. finding out what the taxes will be
Answers (1)
Bank Corp.'s voting stock is owned by the following individuals: Farber, 25%; Farber's mother, 15%; Farber's father, 40%; and Grosset, an unrelated person, 20%. Farber's sister sold equipment to Bank at a loss.
Answers (1)
A financial analyst is presented with information on the past records of 60 start-up companies and told that in fact only 3 of them have managed to become highly successful. He selected 3 companies from this group as the candidates for success.
Answers (1)