Business, 04.07.2020 04:01 lilly198o

As of July 1, 2016, the Town of Selinsgrove decided to purchase a privately operated parking garage and to create a Parking Garage (Enterprise) Fund. During the year, the following transactions occurred: a. A permanent contribution of $550,000 was received from the General Fund.
b. Revenue Bonds were sold at par in the amount of $1,000,000.
c. Purchased for cash several items, the cost breakdown was: land, $250,000; building, $600,000, land improvement, $200,000; equipment, $100,000; supplies, $15,000.
d. Charges for services amounted to $850,000, all received in cash.
e. Cash expenses included: salaries, $370,000; utilities, $75,000; interest, $72,000.
f. Supplies were consumed in the amount of $12,000.
g. Depreciation was recorded for: building, $15,000, land improvement, $20,000; equipment, $12,500.
h. The books were closed to Net Position.

Required:
A Statement of Revenues, Expenses, and Changes in Fund Net Position for the Town of Selinsgrove Parking Garage Fund for the Year Ended June 30, 2017

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 19:20

Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is:

Answers: 1

Answer

Business, 23.06.2019 09:50

Leading guitar string producer wound up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its strings a clearer sound and longer lifespan than uncoated strings. one of wound up's competitors, however, has recently developed a similar coating using less expensive ingredients, which allows it to charge a lower price than wound up for similar-quality strings. wound up's competitive advantage is in danger due to a. a lack of perceived value b. a lack of organization c. direct imitation and substitution d. resource immobility

Answers: 3

Answer

Business, 23.06.2019 15:00

At fenway park, home of the boston red sox, seating is limited to 38,000. hence, the number of tickets issued is fixed at that figure. the following graph shows the demand and supply for red sox tickets. use the graph input tool to you answer the following questions. you will not be graded on any changes you make to this graph. 0 38 76 100 90 80 70 60 50 40 30 20 10 0 price of tickets quantity of tickets (thousands) demand supply graph input tool market for tickets price 10 quantity demanded (thousands of tickets) 68 quantity supplied (thousands of tickets) 38 tax on buyers 0.00 seeing a golden opportunity to raise revenue, the city of boston levies a per ticket tax of $5 to be paid by the ticket buyer. boston sports fans, a famously civic-minded lot, send in the $5 per ticket. true or false: the entire tax burden falls on the teamâ€™s owners because supply is perfectly inelastic. true false

Answers: 3

Answer

Business, 23.06.2019 23:30

If people lost confidence in the government in government, which money would have the least value flat money representative money commodity money gold standard

Answers: 3

Answer

You know the right answer?

As of July 1, 2016, the Town of Selinsgrove decided to purchase a privately operated parking garage...

Questions