As of december 31, 2016, westport had $9,500,000 in 4.5 percent serial bonds outstanding. the serial bonds pay interest semiannually on july1 and december 31, with $500,000 in bonds being retired on each interest payment date. resources for payment of principal and interest are transferred from the general fund. prepare debt service fund and government-wide entries in general journal form to reflect, as necessary, the following information and transactions for fy 2017. (if no entry is required for a transaction/event, select "no journal entry required" in the first account ) the operating budget for fy 2017 consists of other financing sources (transfers from the general fund) equal to estimated principal and interest payments. appropriations also must be provided for interest payments and bond redemptions on january 1 and july 1.(2) cash was received from the general fund and checks were written and mailed for the july 1 principal and interest payments.

Landon mars, the company bookkeeper, recorded the $10,000 purchase of land as rent expense by decreasing cash and decreasing shareholders' equity. what is the effect of this error on the accounting equation

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups. b. we cannot infer anything from these data since the distribution of salaries is likely right skewed. c. you cannot draw any valid conclusions because the sample sizes are different. d. more students should complete internships because having an internship produces a higher salary.

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars