ACC 548 Week 2 Learning Team Assignment Text Problem Sets (UOP Course)

May 8th, 2015
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ACC 548 Week 2 Learning Team Assignment Text Problem Sets (UOP Course)

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G W 3_1Granoff & Warlow 3-1TeamcPlease enter the letter of the Multiple Choice which you think is right in the yellow cells12345678910caddbabbcaPage 1G W 3_1in the yellow cellsPage 2G W 3_2Granoff & Warlow 3-2TeamCPlease enter the letter of the Multiple Choice which you think is right in the yellow cells12345678910bccddbdacaPage 3C 4_2Copley 4-2(a)TeamPrepare the Closing Entries for December 31 (It's not necessary to use controlaccounts and subsidiary ledgers for this project.)You do not require any Dates or Descriptions. Only the Account Names & amountsVILLAGE OF SEASIDE PINESGeneral Fund1Debit Account NameAppropriationsBudgetary Fund BalanceOther IncomesCredit Account NameDebit485,00030,00035,000Expected Income2Property Tax IncomeOther Income550,000503,00038,000Public Safety ExpensesGeneral Government ExpensesTransfer Out (Internal Service Fund)EncumbrancesFund Balance(b)Credit247,000175,00033,00060,00026,000Prepare the Statement of Incomes, Expenses and Modifications in Fund Balance for the General FundVILLAGE OF SEASIDE PINESGeneral FundStatement of Revenues, Expenditures and Changes in Fund BalanceFor the Year Ended December 31, 2009IncomesProperty Tax IncomeOther Income503,00038,000Total Income541,000ExpensesGeneral Government ExpensesPublic Safety Expenses175,000247,000Total Expenses-422,000Excess Incomes over Expenses119,

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