Archives: Solution Manual
978-1259917059 Smithville Full Version Instruction Part 2
9. [Para. 5-a-9] In July 2020, the contractor for the Elm Street Project reported that the project was one-half completed and requested a progress payment of $1,200,000. This amount was paid in late July, less the contractual retention of 5 […]
978-1259917059 Smithville Full Version Instruction Part 1
For use with McGraw-Hill Education Accounting for Governmental & Nonprofit Entities 18th Edition By Jacqueline L. Reck and Suzanne L. Lowensohn Instructions City of Smithville Full Version Computerized Cumulative Problem © 2019 by McGraw-Hill Education. This is proprietary material solely […]
978-1259917059 Journals And Ledgers Bingham Solution Part 3
Year Ref Poste dAcct# – Name Descriptio nDebits Credits 2019 101 X 1260 – Buildings 2d 11,020,000 2019 101 X 1270 – Accumulated Depreciation-Buildings 2d 3,100,000 2019 101 X 1280 – Equipment 2d 8,360,000 2019 101 X 1290 – Accumulated […]
978-1259917059 Journals And Ledgers Bingham Solution Part 2
Year Ref Account Description Debits Credits Balance Dr(Cr) 2020 104 6b-10 4,000 1,359,600 2020 104 6b-11 600,000 759,600 Taxes Receivable-Current 2020 103 6b-2 705,000 705,000 2020 103 6b-6 675,000 30,000 2020 105 6b-12 30,000 0 Allowance for Uncollectible Current Taxes […]
978-1259917059 Journals And Ledgers Bingham Solution Part 1
1 For use with McGraw–Hill Education Accounting for Governmental & Nonprofit Entities 18th Edition By Jacqueline L. Reck, Suzanne L. Lowensohn, and Daniel G. Neely Journals and Ledgers City of Bingham Computerized Cumulative Problem © 2019 by McGraw–Hill Education. This […]
978-1259917059 Chapter 9 Solution Manual Part 2
Chapter 09 – Financial Reporting of State and Local Governments 9-14 Ch. 9, Solutions, Exercise 9-20 (Cont’d) TRANS. FUND AMOUNTS NO. OR ACTIVITY ACCOUNT TITLE Debits Credits CASH 40,000 REVENUES—INVESTMENT EARNINGS 40,000 PF OFU—INTERFUND TRANSFERS OUT 40,000 CASH 40,000 SRF […]
978-1259917059 Chapter 9 Solution Manual Part 1
Chapter 09 – Financial Reporting of State and Local Governments 9-1 CHAPTER 9: FINANCIAL REPORTING OF STATE AND LOCAL GOVERNMENTS OUTLINE Number Topic Type/Task Status (re: 17/e) Questions: 9-1 Primary governments Identify 9-2 9-2 Interim reports Explain 9-3 9-3 Financial […]
978-1259917059 Chapter 8 Solution Manual Part 2
Chapter 08 – Accounting for Fiduciary Activities—Custodial and Trust Funds 8-15 Ch. 8, Solutions, Exercise 8-20 b. (Cont’d) Debits Credits 4. DEDUCTIONS—PAYMENT OF PRINCIPAL TO BONDHOLDERS 500,000 DEDUCTIONS—PAYMENT OF INTEREST TO BONDHOLDERS 250,000 ADDITIONS—PRINCIPAL & INTEREST COLLECTIONS 750,000 c. Assets […]
978-1259917059 Chapter 8 Solution Manual Part 1
Chapter 08 – Accounting for Fiduciary Activities—Custodial and Trust Funds 8-1 CHAPTER 8: ACCOUNTING FOR FIDUCIARY ACTIVITIES— CUSTODIAL AND TRUST FUNDS OUTLINE Number Topic Type/Task Status (re: 17/e) Questions: 8-1 Determining a fiduciary relationship Explain New 8-2 Distinction between custodial […]
978-1259917059 Chapter 7 Solution Manual Part 3
Chapter 07 – Accounting for the Business-type Activities of State and Local Governments 7-35 Ch. 7, Solutions, Exercise 7-24 (Cont’d) c. No. The explanation notes that there is no long-term debt. Thus, the activity of the fund is not financed […]
978-1259917059 Chapter 7 Solution Manual Part 2
Chapter 07 – Accounting for the Business-type Activities of State and Local Governments 7-21 Ch. 7, Solutions, Exercise 7-20 (Cont’d) Debits Credits 3. Internal Service Fund: SALARIES AND WAGES EXPENSE 235,000 CASH 235,000 Governmental Activities: EXPENSES—GENERAL GOVERNMENT 235,000 CASH 235,000 […]
978-1259917059 Chapter 7 Solution Manual Part 1
Chapter 07 – Accounting for the Business-type Activities of State and Local Governments 7-1 CHAPTER 7: ACCOUNTING FOR THE BUSINESS-TYPE ACTIVITIES OF STATE AND LOCAL GOVERNMENTS OUTLINE Number Topic Type/Task Status (re: 17/e) Questions: 7-1 Proprietary funds Explain Same 7-2 […]
978-1259917059 Chapter 6 Solution Manual Part 2
Chapter 06 – Accounting for General Long-term Liabilities and Debt Service 6-18 Ch. 6, Solutions, Exercise 6-19 (Cont’d) Debits Credits b. Debt Service Fund: CASH 100,000 OTHER FINANCING SOURCES—PREMIUM ON BONDS ($8,000,000 × .01) 80,000 REVENUES 20,000 Governmental Activities: CASH […]
978-1259917059 Chapter 6 Solution Manual Part 1
Chapter 06 – Accounting for General Long-term Liabilities and Debt Service 6-1 CHAPTER 6: ACCOUNTING FOR GENERAL LONG-TERM LIABILITIES AND DEBT SERVICE OUTLINE Number Topic Type/Task Status (re: 17/e) Questions: 6-1 Defining general long–term liabilities; financial reporting Define, explain Same […]
978-1259917059 Chapter 5 Solution Manual Part 2
Chapter 05 – Accounting for General Capital Assets and Capital Projects 5-19 Chapter 5, Solutions, Exercise 5-22 (Cont’d) Debits Credits 6. Capital Projects Fund: To close nominal accounts: OTHER FINANCING SOURCES— PROCEEDS OF BONDS 6,000,000 OTHER FINANCING SOURCES— INTERFUND TRANSFERS […]
978-1259917059 Chapter 5 Solution Manual Part 1
Chapter 05 – Accounting for General Capital Assets and Capital Projects 5-1 CHAPTER 5: ACCOUNTING FOR GENERAL CAPITAL ASSETS AND CAPITAL PROJECTS OUTLINE Number Topic Type/Task Status (re: 17/e) Questions: 5-1 Defining and reporting general capital assets Define and explain […]
978-1259917059 Chapter 4 Solution Manual Part 3
Chapter 04 – Accounting for Governmental Operating Activities—Illustrative Transactions and Financial Statements 4-37 Ch. 4, Solutions (Cont’d) c. JEDVILLE TOWNSHIP—JOURNAL ENTRIES GOVERNMENTAL ACTIVITIES 1. NO JOURNAL ENTRY REQUIRED 2. INVENTORY OF SUPPLIES 850,000 CASH 850,000 3. EXPENSES 780,000 4. NO […]
978-1259917059 Chapter 4 Solution Manual Part 2
Chapter 04 – Accounting for Governmental Operating Activities—Illustrative Transactions and Financial Statements 4-21 Ch. 4, Solutions, Exercise 4-23 (Cont’d) General Problem Information: Special revenue fund and voluntary nonexchange transactions Learning Objective: 4-1, 4-4, 4-7 Topic: Special Revenue Funds Bloom’s Taxonomy: […]
978-1259917059 Chapter 4 Solution Manual Part 1
Chapter 04 – Accounting for Governmental Operating Activities—Illustrative Transactions and Financial Statements 4-1 CHAPTER 4: ACCOUNTING FOR GOVERNMENTAL OPERATING ACTIVITIES⎯ILLUSTRATIVE TRANSACTIONS AND FINANCIAL STATEMENTS OUTLINE Number Topic Type/Task Status (re: 18/e) Questions: 4-1 Appropriate choice of governmental fund Analyze New […]
978-1259917059 Chapter 3 Solution Manual Part 2
Chapter 03 – Governmental Operating Statement Accounts; Budgetary Accounting 3-15 Ch. 3, Solutions (Cont’d) 3-23. TOWN OF WILLINGDON General Ledger Subsidiary Ledger Debits Credits Debits Credits a. ENCUMBRANCES⎯20xx 1,365,000 ENCUMBRANCES OUTSTANDING⎯20xx 1,365,000 Encumbrances Ledger: GENERAL GOVERNMENT 800,000 PUBLIC SAFETY 400,000 […]
978-1259917059 Chapter 3 Solution Manual Part 1
Chapter 03 – Governmental Operating Statement Accounts; Budgetary Accounting 3-1 CHAPTER 3: GOVERNMENTAL OPERATING STATEMENT ACCOUNTS; BUDGETARY ACCOUNTING OUTLINE Number Topic Type/Task Status (re: 17/e) Questions: 3-1 Distinguishing characteristics of fund-based and government-wide financial statements Identify and describe Same 3-2 […]
978-1259917059 Chapter 2 Solution Manual
Chapter 02 – Principles of Accounting and Financial Reporting for State and Local Governments 2-1 CHAPTER 2: PRINCIPLES OF ACCOUNTING AND FINANCIAL REPORTING FOR STATE AND LOCAL GOVERNMENTS OUTLINE Copyright ©2019 McGraw-Hill Education. All rights reserved. No reproduction or distribution […]
978-1259917059 Chapter 17 Solution Manual Part 2
Chapter 17 – Accounting and Reporting for the Federal Government 17-16 Ch. 17, Solutions, Exercise 17-17 (Cont’d) SAVE OUR RESOURCES COMMISSION Debits Credits PROPRIETARY CUMULATIVE RESULTS OF OPERATIONS 2,900,000 OPERATING/PROGRAM EXPENSES 2,150,000 DEPRECIATION AND AMORTIZATION 750,000 APPROPRIATIONS USED 4,500,000 CUMULATIVE […]
978-1259917059 Chapter 17 Solution Manual Part 1
Chapter 17 – Accounting and Reporting for the Federal Government 17-1 CHAPTER 17: ACCOUNTING AND REPORTING FOR THE FEDERAL GOVERNMENT OUTLINE Number Topic Type/Task Status (re: 17/e) Questions: 17-1 Roles of GOA, Treasury, and OMB in federal financial reporting Explain […]
978-1259917059 Chapter 16 Solution Manual Part 2
Chapter 16 – Accounting for Health Care Organizations 16-16 Ch. 16, Solutions, Exercise 16-21 (Cont’d) c. The $5,000,000 restricted contribution would be reported as part of the statement of changes in net assets, assuming a separate statement is prepared, or […]
978-1259917059 Chapter 16 Solution Manual Part 1
Chapter 16 – Accounting for Health Care Organizations Copyright ©2019 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. CHAPTER 16: ACCOUNTING FOR HEALTH CARE ORGANIZATIONS 16-1 OUTLINE Number Topic Type/Task Status […]
978-1259917059 Chapter 15 Solution Manual Part 3
Chapter 15 – Accounting for Colleges and Universities 15-32 Ch. 15, Solutions, Exercise 15-20 (Cont’d) Debits Credits (Note that except for the account title used, recording of discounts and allowances is essentially the same for private and public colleges and […]
978-1259917059 Chapter 15 Solution Manual Part 2
Chapter 15 – Accounting for Colleges and Universities 15-21 Ch. 15, Solutions, Exercise 15-18 (Cont’d) ELIZABETH COLLEGE GENERAL JOURNAL Debits Credits 5. CASH 94,370 AUXILIARY ENTERPRISES—WITHOUT DONOR RESTRICTIONS 94,370 6. CASH 5,080,000 TUITION RECEIVABLE 5,080,000 7. INVESTMENTS 1,000,000 CASH 1,000,000 […]
978-1259917059 Chapter 15 Solution Manual Part 1
Chapter 15 – Accounting for Colleges and Universities Copyright ©2019 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. CHAPTER 15: ACCOUNTING FOR COLLEGES AND UNIVERSITIES 15-1 OUTLINE Number Topic Type/Task Status […]
978-1259917059 Chapter 14 Solution Manual Part 3
Chapter 14 – Accounting for Not-for-Profit Organizations 14-32 Ch. 14, Solutions, Exercise 14-23 (Cont’d) ART LEAGUE GENERAL JOURNAL Debits Credits 11. CONTRIBUTIONS—WITHOUT DONOR RESTRICTIONS 38,861 (trans. 1 and 4) MEMBERSHIP DUES 16,285 GRANT REVENUE 3,120 TUITION & FEES 6,974 C […]
978-1259917059 Chapter 14 Solution Manual Part 2
Chapter 14 – Accounting for Not-for-Profit Organizations 14-21 Ch. 14, Solutions, Exercise 14-21 (Cont’d) General Problem Information: Recording revenue and expense transactions Learning Objective: 14-3 Topic: Financial Reporting Bloom’s Taxonomy: Apply Accreditation Skills tag: AACSB: Knowledge Application, AICPA: FN: Reporting […]
978-1259917059 Chapter 14 Solution Manual Part 1
Chapter 14 – Accounting for Not-for-Profit Organizations Copyright ©2019 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. CHAPTER 14: ACCOUNTING FOR NOT-FOR-PROFIT 14-1 ORGANIZATIONS OUTLINE Number Type/Task Status (re: 17/e) Questions: […]
978-1259917059 Chapter 13 Solution Manual Part 2
Chapter 13 – Not-for-Profit Organizations—Regulatory, Taxation, and Performance Issues 13-13 Ch. 13, Solutions, Case 13-14 (Cont’d) General Problem Information: Evaluating charity organizations Leaning Objective: 13-5 Topic: Benchmarking and Performance Measures Bloom’s Taxonomy: Evaluate Accreditation Skills tag: AACSB: Analytical Thinking, AICPA: […]
978-1259917059 Chapter 13 Solution Manual Part 1
Chapter 13 – Not-for-Profit Organizations—Regulatory, Taxation, and Performance Issues Copyright ©2019 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. CHAPTER 13: NOT-FOR-PROFIT ORGANIZATIONS— 13-1 REGULATORY, TAXATION, AND PERFORMANCE ISSUES OUTLINE Number […]
978-1259917059 Chapter 12 Solution Manual Part 2
Chapter 12 – Budgeting and Performance Measurement 12–12 Ch. 12, Solutions, Exercise 12-17 (Cont’d) d. Based upon the information provided, the town presently uses incremental line-item budgeting, probably organized along department lines. Although the new town manager’s effort to introduce […]
978-1259917059 Chapter 12 Solution Manual Part 1
Chapter 12 – Budgeting and Performance Measurement Copyright ©2019 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. CHAPTER 12: BUDGETING AND PERFORMANCE MEASUREMENT 12–1 OUTLINE Number Topic Type/Task Status (re: 17/e) […]
978-1259917059 Chapter 11 Solution Manual Part 2
11-12 Copyright ©2019 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Ch. 11, Solutions, Case 11-15 (Cont’d) 2. Partially. The salary for an entry-level law enforcement officer is allowable. However, the […]
978-1259917059 Chapter 11 Solution Manual Part 1
Chapter 11 – Auditing of Government and Not–for-Profit Organizations 11-1 CHAPTER 11: AUDITING OF GOVERNMENT AND NOT-FOR- PROFIT ORGANIZATIONS OUTLINE Number Topic Type/Task Status (re: 17/e) Questions: 11-1 Definition of audit, standard setters Define, explain Same 11-2 GAGAS audit services […]
978-1259917059 Chapter 10 Solution Manual
Chapter 10 – Analysis of Government Financial Performance 10-1 CHAPTER 10: ANALYSIS OF GOVERNMENT FINANCIAL PERFORMANCE OUTLINE Copyright ©2019 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Number Topic Type/Task Status […]
978-1259917059 Chapter 1 Solution Manual
Chapter 01 – Introduction to Accounting and Financial Reporting for Government and Not-for-Profit Entities Copyright ©2019 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1-1 CHAPTER 1: INTRODUCTION TO ACCOUNTING AND […]
978-1259917059 Bingham Solution Instruction Part 2
4. [Para. 5a-4] A contract for architectural services was signed at an estimated amount of $350,000 for the design of the City Hall Annex. Required: Record the encumbrance in the City Hall Annex Construction. This transaction has no effect at […]
978-1259917059 Bingham Solution Instruction Part 1
For use with McGraw-Hill Education Accounting for Governmental & Nonprofit Entities 18th Edition By Jacqueline L. Reck, Suzanne L. Lowensohn, and Daniel G. Neely Instructions City of Bingham Computerized Cumulative Problem © 2019 by McGraw-Hill Education. This is proprietary material […]
978-1259444951 Chapter 19 Solution Manual Part 2
Chapter 19 – Accounting for Estates and Trusts 19-15 Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Estate Principal ………………………………………. 820,000 (To record property held by Rose Shields […]
978-1259444951 Chapter 19 Solution Manual Part 1
Chapter 19 – Accounting for Estates and Trusts CHAPTER 19 ACCOUNTING FOR ESTATES AND TRUSTS Chapter Outline I. Estate accounting encompasses the recording and reporting of events that occur from the time of a person’s death until distribution of all […]
978-1259444951 Chapter 18 Solution Manual Part 3
Chapter 18 – Accounting and Reporting for Private Not-for-Profit Entities – Hoyle, Schaefer, Doupnik, 13e 18-33 —Notes payable – $1,720,000 ($1,100,000 plus $620,000) —Total liabilities – $1,900,000 (summation) —Unrestricted net assets – $670,000 ($1,100,000 less $990,000 payment plus $140,000 addition […]
978-1259444951 Chapter 18 Solution Manual Part 2
Chapter 18 – Accounting and Reporting for Private Not-for-Profit Entities – Hoyle, Schaefer, Doupnik, 13e 18-21 Education. 42. (70 minutes) (Produce journal entries for a private university as well as a statement of activities) a. Tuition Receivable 1,200,000 Tuition Revenues […]
978-1259444951 Chapter 18 Solution Manual Part 1
Chapter 18 – Accounting and Reporting for Private Not-for-Profit Entities – Hoyle, Schaefer, Doupnik, 13e CHAPTER 18 ACCOUNTING AND REPORTING FOR PRIVATE NOT-FOR-PROFIT ENTITIES Chapter Outline I. At one time, the financial reporting for private not-for-profit entities differed significantly according […]
978-1259444951 Chapter 18 Excel
Student Name: Class: a. 160,000 160,000 «- Correct! b. 80,000 80,000 «- Correct! c. 25,000 25,000 «- Correct! 25,000 25,000 «- Correct! d. 120,000 «- Correct! 480,000 «- Correct! 600,000 «- Correct! e. 38,000 38,000 «- Correct! f. 15,000 15,000 […]
978-0471687894 Chapter 9 Part 2
151 P9.9 Complete an analysis for budget, price and volume variances. a. Sales revenue volume and price variances: Budget [1,500 × $5.00] $7,500.00 Actual [1,550 × $4.80] 7,440.00 Budget sales volume variance $ 60.00 Unfavorable Price variance [1,550 × $0.20] […]
978-0471687894 Chapter 9 Part 1
140 CHAPTER 9 OPERATIONS BUDGETING INTRODUCTION This chapter, although it covers most of the relevant theory of budgeting, concentrates on budgeted income statements. For this reason, the student should be very familiar with the content of Chapter 2 concerning income […]