Archives: Solution Manual
978-0078025792 Chapter 1 Solution Manual Part 1
Chapter 1 Managerial Accounting and Cost Concepts Solutions to Questions 1-1 The three major elements of product costs in a manufacturing company are direct materials, direct labor, and manufacturing overhead. constant, but total variable cost changes in direct proportion to […]
978-0078025792 Chapter 1 Lecture Note
Chapter 01 Lecture Notes 1 Chapter 1 Lecture Notes Chapter theme: This chapter explains how managers need to rely on different cost classifications for different purposes. The four main purposes emphasized in this chapter include assigning costs to cost objects, […]
978-0078025792 Chapter 1 Chapter Problem
Problem 1-14B (45 minutes) 1. Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Solutions Manual “B” Problems, Chapter 1 1-1 House Of Pianos, Inc. Traditional Income Statement For […]
978-0078025815 Journal Entries and Statement Memo
_______________________________________________________________________________________________ School of Accounting MSC 0203 Harrisonburg, VA 22807 Phone (540) 568-3071 Fax (540) 568-3017 TO: Adopters of Essentials 11th Edition FROM: Paul Copley SUBJECT: Practice Set The Twelfth Edition provides a practice set that is a middle ground between […]
978-0078025815 Journal Entries and Statement Solution Govt Wide
Worksheet to convert Governmental fund basis information to accrual basis Journal Entries debits credits (enter as negatives) Gov’tal Fund Balances Adjustments & Eliminations Balances for Gov’t-wide Stmts 1 Capital Assets 1,875,000 Debits Credits Bonds Payalbe 1,875,000 DEBITS: to record beginning […]
978-0078025815 Journal Entries and Statement Solution Governmental Type Funds
General Fund – General Ledger # date Journal Entries debits credits CASH 1 Jan. 1 Encumbrances 11,806 bb 18,000 ALLOWANCE FOR Budgetary Fund Balance Reserve for Encumbrances 11,806 5450,000 300,000 3TAXES RECEIVABLE UNCOLLECTIBLE TAXES SUPPLIES additional debit account To re-establish […]
978-0078025815 Journal Entries and Statement Solution Enterprise Fund
ENTERPRISE FUND – GENERAL LEDGER Journal Entries debits credits DUE FROM 3 Feb. 1 Cash 300,000 CASH OTHER FUNDS SUPPLIES ACCOUNTS RECEIVABLE Transfer in – capital contribution 300,000 bb – bb – bb – bb – To record contribution from […]
978-0078025815 Financial Statement Template Govt Wide
Worksheet to convert Governmental fund basis information to accrual basis #Journal Entries debits credits (enter as negatives) Gov’tal Fund Balances Adjustments & Eliminations Balances for Gov’t-wide Stmts type accounts to be debited here Debits Credits type accounts to be credited […]
978-0078025815 Financial Statement Template Governmental Type Funds
General Fund – General Ledger # date Journal Entries debits credits CASH 1 Jan. 1 Encumbrances 11,806 bb 18,000 ALLOWANCE FOR Budgetary Fund Balance Reserve for Encumbrances 11,806 TAXES RECEIVABLE UNCOLLECTIBLE TAXES SUPPLIES additional debit account To re-establish outstanding encumbrances […]
978-0078025815 Financial Statement Template Enterprise Fund
ENTERPRISE FUND – GENERAL LEDGER Journal Entries debits credits DUE FROM 3 Feb. 1 Cash 300,000 CASH OTHER FUNDS SUPPLIES ACCOUNTS RECEIVABLE Transfer in – capital contribution 300,000 bb – bb – bb – bb – To record contribution from […]
978-0078025815 Financial Statement Practice Set Province of Europa
1 GOVERNMENTAL ACCOUNTING PRACTICE SET Part A due: Part B due: Introduction The date is December 31, 2091. You have just risen from a three month cryogenic sleep during harvests per Earth year. All banking is performed on Earth through […]
978-0078025815 Exercise 12 Excel
Exercise 12-9 General Ledger Journal Entries debits credits CASH PATIENT ALLOWANCE FOR 1 Patient Accounts Receivable 21,130,000 bb 830,000 ACCOUNTS RECEIVABLE UNCOLLECTABLE ACCOUNTS SUPPLIES CONTRIBUTIONS RECEIVABLE Unrestricted-Patient Service Revenue 21,130,000 1 17,600,000 1,600,000 9 bb 3,250,000 650,000 bb bb 130,000 […]
978-0078025815 Exercise 11 Excel
financial statements Unrestricted Temporarily Restricted Permanently Restricted Total Revenues Student Tuition and Fees 1,508,000$ 1,508,000$ State Appropriations 700,000 700,000 Contributions to Endowment 105,700$ 105,700 Federal Grants 175,000$ 175,000 Investment Income 66,000 66,000 Net assets released from restriction: – Satisfaction of […]
978-0078025815 Exercise 10 Excel
AWG EDUCATIONAL FOUNDATION – a private not-for-profit journal entries and General ledger PLEDGES ACCRUED INTEREST CASH RECEIVABLE RECEIVABLE SUPPLIES Association of Women in Government bb 22,900 bb 27,232 bb 700 bb 400 Educational Foundation 2,200 1 5 1,362 700 3 […]
978-0078025815 Exercise 9 Excel
Exercise 9–9 Cherokee Library District Type journal entries to convert to the accrual basis in the space below and post them to the financial statements on the next two tabs. debits credits a Capital Assets 19,500,000 Accumulated Depreciation 6,330,000 Net […]
978-0078025815 Exercise 8 Excel
Background Information: Financial Statements – Governmental Funds CITY OF COTTONWOOD Balance Sheet Governmental Funds As of December 31, 2015 General Special Revenue Courthouse Renovation Debt Service Permanent Total Governmental ASSETS Fund Fund Fund Fund Fund Funds Cash and cash equivalents […]
978-0078025815 Exercise 7 Excel
Moose County – journal entries and General ledger Permanent fund INVESTMENTS IN INVESTMENTS IN ACCRUED INTEREST CASH CORPORATE EQUITIES CORPORATE BONDS RECEIVABLE Moose County Permanent Fund Journal Entries 2180,000 12,700,000 13,000,000 112,000 December 31, 2015 3168,000 150,000 5 5 190,000 […]
978-0078025815 Exercise 6 Excel
Rural County – journal entries and General ledger Special Revenue fund CAPITAL ASSETS CASH FEES RECEIVABLE SUPPLIES (NET OF ACCL DEPR) Rural County bb 85,000 Special Revenue Fund Journal Entries 385,250 37,300 December 31, 2015 89,900 3 6 2,400 7500 […]
978-0078025815 Exercise 5 Excel
JOURNAL ENTRIES State Government Capital Project Fund Journal Entries December 31, 2015 Account Title Debits Credits 1 Encumbrances 1,700,000 Budgetary Fund Balance – Reserve for encumbrances 1,700,000 2 Cash 25,412,000 Taxes receivable 2,550,000 5 Contracts payable 28,818,000 Cash 28,818,000 Fuel […]
978-0078025815 Exercise 4 Excel
State Government – Special Revenue Fund CASH LICENSE FEES RECEIVABLE SUPPLIES Fish and Game Fund Journal Entries bb 200,000 bb 125,000 bb 9,000 December 31, 2015 31,150,000 303,000 7125,000 3 6 287,500 4272,000 305,000 9 3 128,000 283,650 12 Item […]
978-0078025815 Exercise 3 Excel
CITY OF Grafton Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual: General Fund For The Year Ended December 31, 2015 Budgeted Amounts REVENUES Original Final Actual Amounts Budgetary Basis Variance with Final Budget Property Taxes […]
978-0078025815 Chapter 9 Solution Manual
Chapter 09 – Accounting for Special-Purpose Entities, Including Public Colleges and Universities 9-1 CHAPTER 9 Accounting for Special-Purpose Entities, Including Public Colleges and Universities 9-1. THE SOLUTION TO THIS PROBLEM WILL DIFFER FROM STUDENT TO STUDENT, ASSUMING EACH HAS A […]
978-0078025815 Chapter 8 Solution Manual
Chapter 8 Government-Wide Statements, Capital Assets, Long-Term Debt 8-1 CHAPTER 8: Government-Wide Statements, Capital Assets, Long-Term Debt 8-1. THE SOLUTION TO THIS AND THE FIRST EXERCISE OF CHAPTERS 1 THROUGH 8 WILL DIFFER FROM STUDENT TO STUDENT ASSUMING EACH HAS […]
978-0078025815 Chapter 8 Problem Solution
CITY OF MONROE WORKSHEET TO CONVERT GOVERNMENTAL ACTIVITIES TO ACCRUAL BASIS Refr. Account Titles Debits Credits Gov’tal Fund Balances Adjustments & Eliminations Govern- mental Funds Adjusted Internal Service Funds Balances for Gov’t-wide Stmts Debits Credits Debits Credits ACapital Assets 65,900,000 […]
978-0078025815 Chapter 7 Solution Manual Part 2
Chapter 07 – Fiduciary Funds 7-13 (C). CITY OF SWEETWATER EMPLOYEES’ RETIREMENT FUND STATEMENT OF FIDUCIARY NET POSITION AS OF JUNE 30, 2015 ASSETS: CASH ACCRUED INTEREST RECEIVABLE INVESTMENTS, AT FAIR VALUE: BONDS STOCKS TOTAL ASSETS $ 132,000 60,000 4,535,000 […]
978-0078025815 Chapter 7 Solution Manual Part 1
Chapter 07 – Fiduciary Funds 7-1 7-1. THE ANSWERS TO THIS EXERCISE, AND TO THE FIRST EXERCISE OF CHAPTERS 1 THROUGH 9 WILL VARY FROM STUDENT TO STUDENT, ASSUMING EACH HAS A DIFFERENT CAFR. AGENCY FUNDS 7-2 . GASB STANDARDS […]
978-0078025815 Chapter 7 Problem Solution
City of Monroe Community Foundation Trust Fund COMMUNITY FOUNDATION TRUST FUND ACCRUED reference Account Titles Debits Credits CASH INTEREST RECEIVABLE bb 49,500 bb 7,500 7-C-1 1Cash 22,500 122,500 200,000 27,500 1 Accrued Interest Receivable 7,500 2206,026 203,500 5 7 7,500 […]
978-0078025815 Chapter 6 Solution Manual Part 2
Chapter 06 – Proprietary Funds 6-11 (A) – CONTINUED CITY OF EVANSVILLE SUMMER CAMP ENTERPRISE FUND STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION FOR THE YEAR ENDED DECEMBER 31, 2015 OPERATING REVENUES: CHARGES FOR SALES AND SERVICES […]
978-0078025815 Chapter 6 Solution Manual Part 1
Chapter 06 – Proprietary Funds 6-1 CHAPTER 6 Proprietary Funds 6-1. THE SOLUTION TO THIS AND THE FIRST EXERCISE OF CHAPTERS 1 THROUGH 9 WILL 6-2. GOVERNMENT DEPARTMENTS PURCHASING GOODS AND SERVICES FROM AN INTERNAL SERVICE FUND RECORD EXPENDITURES EQUAL […]
978-0078025815 Chapter 6 Problem Solution
City of Monroe Stores Services Internal Service Fund STORES AND SERVICES INTERNAL SERVICE FUND INVENTORY OF DUE FROM reference Account Titles Debits Credits CASH SUPPLIES OTHER FUNDS LAND bb 31,000 bb 27,500 bb 27,000 bb bb 18,000 6-C-1 1No journal […]
978-0078025815 Chapter 5 Solution Manual Part 2
Accounting for Other Governmental Funds 5-30 5-12 (A). CITY OF SHARPESBURG LIBRARY BOOK PERMANENT FUND GENERAL JOURNAL DEBITS CREDITS 1. CASH REVENUES-ADDITION TO PERMANENT ENDOWMENTS 950,000 950,000 2. INVESTMENTS-BONDS CASH 950,000 950,000 3. CASH REVENUES-INVESTMENT INCOME-INTEREST 21,375 21,375 4. EXPENDITURES-LIBRARY […]
978-0078025815 Chapter 5 Solution Manual Part 1
Accounting for Other Governmental Funds 5-18 5-1. THE SOLUTION TO THIS AND THE FIRST EXERCISE OF CHAPTERS 1 THROUGH 8 WILL DIFFER FROM STUDENT TO STUDENT, ASSUMING EACH HAS A DIFFERENT CAFR. 5-2. IN DETERMINING THE APPROPRIATE FUND TO RECORD […]
978-0078025815 Chapter 5 Other Governmental Funds Problem Solution
City of Monroe – City Jail Construction Fund CITY JAIL CAPITAL PROJECTS FUND CONTRACTS PAYABLE reference Account Titles Debits Credits CASH ACCOUNTS PAYABLE RETAINED PERCENTAGE 14,200,000 200,000 11,282,500 867,500 8 5-C-1 91,320,000 116,000 3 11 1,282,500 12 67,500 1 Cash […]
978-0078025815 Chapter 4 Solution Manual Part 2
Chapter 04 – Accounting for the General and Special Revenue Funds 4-12 4-9 (B) NEWPORT CITY 911 CALL CENTER SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 2015 REVENUES: PHONE […]
978-0078025815 Chapter 4 Solution Manual Part 1
Chapter 04 – Accounting for the General and Special Revenue Funds CHAPTER 4 Accounting for the General and Special Revenue Funds 4-1. THE SOLUTION TO THIS AND THE FIRST EXERCISE OF CHAPTERS 1 THROUGH 9 WILL DIFFER FROM STUDENT TO […]
978-0078025815 Chapter 4 Problem Solution
City of Monroe – General Fund Journal Entries reference Account Titles Debits Credits 3-C Estimated Revenues Control 11,250,000 Appropriations Control 9,300,000 Estimated Other Financing Uses Control 1,700,000 Budgetary Fund Balance 250,000 4-C 1 Encumbrances Control 17,000 Budgetary Fund Balance – […]
978-0078025815 Chapter 4 Special Revenue Fund Problem Solution
City of Monroe Street and Highway Fund – General Ledger DUE FROM reference Account Titles Debits Credits CASH INVESTMENTS STATE GOV’T bb 21,000 bb 59,000 bb 109,000 3-C Estimated Revenues 1,068,000 2 985,000 11,072,000 Appropriations 1,047,000 55,120 985,000 2 Budgetary […]
978-0078025815 Chapter 3 Solution Manual
Chapter 03 – Modified Accrual Accounting 3-1 ` CHAPTER 3: MODIFIED ACCRUAL ACCOUNTING: INCLUDING THE ROLE OF FUND BALANCES AND BUDGETARY AUTHORITY 3-1. THE SOLUTION TO THIS AND THE FIRST EXERCISE OF CHAPTERS 1 AND 2 AND 4 THROUGH 9 […]
978-0078025815 Chapter 2 Solution Manual
Chapter 02 – Overview of Financial Reporting for State and Local Governments 2-1 CHAPTER 2 Overview of Financial Reporting for State and Local Governments 2-1. THE SOLUTION TO THIS AND THE FIRST EXERCISE OF CHAPTERS 1 AND 3 THROUGH 9 […]
978-0078025815 Chapter 14 Solution Manual
Chapter 14 – Financial Reporting by the Federal Government 13-1 CHAPTER 14 Financial Reporting by the Federal Government 14-1. BASIC FINANCIAL STATEMENTS OF A FEDERAL AGENCY INCLUDE: o BALANCE SHEET, 14-2. BASIC FINANCIAL STATEMENTS OF THE U.S. GOVERNMENT INCLUDE: o […]
978-0078025815 Chapter 13 Solution Manual
Chapter 13 – Auditing, Tax Exempt Organizations, and Evaluating Performance CHAPTER 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 13-1. THE SOLUTION TO THIS AND THE FIRST EXERCISE OF CHAPTERS 1 THROUGH 8 WILL VARY FROM STUDENT TO STUDENT, ASSUMING […]
978-0078025815 Chapter 13 Problem Solution
CONTINUOUS PROBLEM – CHAPTER 13 RATIO FORMULA CALCULATIONS CITY OF MONROE 1) FINANCIAL POSITION (GOVERNMENT– WIDE, GOVERNMENTAL ACTIVITIES) Unrestricted Net Position: Total Expenses: Governmental Activities 1,808,110 16,193,360 11.2% 2) FINANCIAL POSITION (GENERAL FUND) Unassigned Fund Balance Total Expenditures + Other […]
978-0078025815 Chapter 12 Solution Manual
Chapter 12 – Accounting for Hospitals and Other Health Care Providers 12-1 CHAPTER 12 Accounting for Hospitals and Other Health Care Providers 12-1. a. CHARITY CARE: CHARITY CARE OCCURS WHEN A HOSPITAL OR OTHER HEALTH CARE ORGANIZATION PROVIDES CARE TO […]
978-0078025815 Chapter 11 Solution Manual Part 2
Chapter 11 – College and University Accounting – Private Institutions 11–13 11-8 (B CONTINUED). LEE COLLEGE STATEMENT OF CHANGES IN NET ASSETS YEAR ENDED JUNE 30, 2015 TOTAL UNRESTRICTED REVENUES $ 16,265,000 NET ASSETS RELEASED FROM RESTRICTION 1,800,000 TOTAL UNRESTRICTED […]
978-0078025815 Chapter 11 Solution Manual Part 1
Chapter 11 – College and University Accounting – Private Institutions 11-1 CHAPTER 11 College and University Accounting – Private Institutions 11-1. ANSWERS WILL VARY DEPENDING ON STATEMENTS OBTAINED. 11-2. A. PUBLIC (GOVERNMENT–OWNED) COLLEGES AND UNIVERSITIES. 1. GASB 2. STATEMENT OF […]
978-0078025815 Chapter 10 Solution Manual Part 2
Chapter 10 – Accounting for Private Not-for-Profit 10-12. THE GRANT WOOD ARTS ASSOCIATION GENERAL JOURNAL – UNRESTRICTED DEBITS CREDITS 1. CASH CONTRIBUTIONS-UNRESTRICTED CONTRIBUTIONS-TEMPORARILY RESTRICTED CONTRIBUTIONS-PERMANENTLY RESTRICTED 3,900,000 1,950,000 950,000 1,000,000 2. CASH ADMISSIONS CHARGES-UNRESTRICTED INTEREST INCOME-UNRESTRICTED TUITION REVENUE-UNRESTRICTED NOTE PAYABLE […]
978-0078025815 Chapter 10 Solution Manual Part 1
Chapter 10 – Accounting for Private Not-for-Profit 10-1 CHAPTER 10 ACCOUNTING FOR PRIVATE NOT–FOR-PROFIT 10-1. ANSWERS WILL VARY DEPENDING ON STATEMENTS OBTAINED. 10-2. A. THE FINANCIAL REPORTS REQUIRED BY THE FASB FOR NONPROFIT ORGANIZATIONS ARE (1) STATEMENT OF FINANCIAL POSITION, […]
978-0078025815 Chapter 1 Solution Manual
Chapter 01 – Introduction to Accounting and Financial Reporting for Governmental and Not-for-Profit Organizations 1-1 INSTRUCTOR’S MANUAL TO ACCOMPANY ESSENTIAL OF ACCOUNTING FOR GOVERNMENTAL AND NOT–FOR-PROFIT ORGANIZATIONS: TWELFTH EDITION PREPARED BY: MARY LORETTA MANKTELOW MARILLA S. MELCHER JAMES MADISON UNIVERSITY […]
978-0078025822 Smithville Full General Journals and Ledgers Package Part 3
