The following questions are independent although each is based on the preceding information. Assume that the government is preparing information for its fund financial statements. What is the balance in the Budgetary Fund Balance account for the budget for the year? Is it a debit or credit? Assume that new ambulance was received on December 31, 2020. Provide all necessary journal entries on that date. Prepare all journal entries that should have been made when the $33,000 transfer was made for the eventual payment of a long-term debt. What amount of revenue should the city recognize for the period? What are the total expenditures? Assume that 60 percent of the school supplies are used during the year so that 40 percent remain. The City of Tetris uses the consumption method. What journal entry or entries did the city prepare for the issuance of the bonds?

Kayla and jada are roommates in new york city. both kayla and jada recently received pay raises. kayla now buys more movie tickets than before, but jada buys fewer. kayla behaves as if movie tickets are goods and jada's income elasticity of demand for movie tickets is

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Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.