ACC 460 Week 4 individual Exercises Ch. 9,10

May 8th, 2015
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ACC 460 Week 4 individual Exercises Ch. 9,10

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Week 4 individual ExercisesChapter 9: 9-3a.DescriptionDebitCredit1Equipment70,000 Capital Asset (Copier) Nonreciprocal transfer-in70,000 (To record transfer of copiers)2Cash35,000 General Fund Nonreciprocal transfer-in35,000 (to record nonreciprocal contribution from general fund)3Cash270,000 Notes payable270,000 (to record 3-yr note)4Equipment160,000 Accounts Payable160,000 To record purchase of equipment)Capital Projects Improvement to Facilities100,000 Cash100,000 (To pay for improvements on facilities)5Due from General Fund Due from other funds2,500Cash2,500 Operating Revenue5,000 (to record printing services billed)6Operating Expense9,000 Cash9,000 (to record various operating expenses)7Depreciation Expense Equ

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