Week 4 Individual Assignment Ch. 9 & 10 Textbook Exercises
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Description
Chapter 9: 9-3a.
Description
Debit
Credit
1
Equipment
70,000
Capital Asset (Copier)Nonreciprocal transfer-in70,000
(To record transfer of copiers)2
Cash
35,000
General FundNonreciprocal transfer-in35,000
(to record nonreciprocal contribution from general fund)3
Cash
270,000
Notes payable
270,000
(to record 3-yr note)4
Equipment
160,000
Accounts Payable
160,000
To record purchase of equipment)Capital ProjectsImprovement to Facilities
100,000
Cash100,000
(To pay for improvements on facilities)5
Due from General FundDue from other funds
2,500
Cash
2,500
Operating Revenue5,000
(to record printing services billed)6
Operating Expense
9,000
Cash9,000
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Published On:
06/10/2015
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week-4-individual-assignment-ch-9-10-textbook-exercises-19.doc
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