Homework answers / question archive / Government Accounting Chapter Four   1)When equipment was purchased with General Fund resources, which of the following accounts would have been debited in the General Fund?     2) Goods for which a purchase order had been placed at an estimated cost of $1,600 were received at an actual cost of $1,550

Government Accounting Chapter Four   1)When equipment was purchased with General Fund resources, which of the following accounts would have been debited in the General Fund?     2) Goods for which a purchase order had been placed at an estimated cost of $1,600 were received at an actual cost of $1,550

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Government Accounting Chapter Four

1)When equipment was purchased with General Fund resources, which of the following accounts would have been debited in the General Fund?  

2) Goods for which a purchase order had been placed at an estimated cost of $1,600 were received at an actual cost of $1,550. The journal entry in the General Fund to record the receipt of the goods will include a:

3)Which of the following items would be reported as General Revenue on the government-wide statement of activities?

4) Garden City has calculated that General Fund property tax revenues of $4,608,000 are required for the current fiscal year. Over the past several years, the city has collected 96 percent of all property taxes levied. The city levied property taxes in the amount that will generate the required $4,608,000. Which of the following general journal entries would correctly record the property tax levy?