Business
Business, 07.10.2019 19:10, lizzy2951

The village of hawksbill issued $4,000,000 in 5 percent general obligation, tax-supported bonds on july 1, 2016, at 101. a fiscal agent is not used. resources for principal and interest payments are to come from the general fund. interest payment dates are december 31 and june 30. the first of 20 annual principal payments is to be made june 30, 2017. hawksbill has a calendar fiscal year.1. a capital projects fund transferred the premium (in the amount of $40,000) to the debt service fund.2. on december 31, 2016, funds in the amount of $100,000 were received from the general fund and the first interest payment was made.3. the books were closed for 2016.4. on june 30, 2017, funds in the amount of $260,000 were received from the general fund, and the second interest payment ($100,000) was made along with the first principal payment ($200,000).5. on december 31, 2017, funds in the amount of $95,000 were received from the general fund and the third interest payment was made (also in the amount of $95,000).6. the books were closed for 2017.required: a. prepare journal entries to record the events above in the debt service fund. b. prepare a statement of revenues, expenditures, and changes in fund balance for the debt service fund for the year ended december 31, 2016.c. prepare a statement of revenues, expenditures, and changes in fund balance for the debt service fund for the year ended december 31, 2017.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 10:00, ladnerhailey16
You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on situational approach to leadership, which leadership style should you exhibit at the next meeting?
Answers: 2
image
Business, 22.06.2019 20:30, jacobbecker99
John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76
Answers: 1
image
Business, 22.06.2019 21:40, koryn4880
Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.
Answers: 3
image
Business, 23.06.2019 00:00, AaronMicrosoft15
Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?
Answers: 3
Do you know the correct answer?
The village of hawksbill issued $4,000,000 in 5 percent general obligation, tax-supported bonds on j...

Questions in other subjects:

Konu
Chemistry, 21.04.2020 06:59
Konu
Mathematics, 21.04.2020 07:00