Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: Make entries in general journal form for the following transactions for a certain public university. 

[A] The university was rewarded a federal grant in the amount of $1,800,000 to be used for a particular research project. During the year the entire $1,800,000 was received & operating cost for the particular project totaled $1,000,000.

[B] Ira Beaker, a renowned chemist & alumnus, give $7,000,000 to be used for the making of new chemistry building to be named Beaker Hall. The gift is to be paid to the university in equal installments over a two (2) year period; the sum for the current year was earned in cash.

[C] Cash outlays of $2,750,000 were made during the year for creation in progress on the new chemistry building. Other construction projects completed during the year amounted to $1,500,000 for buildings & 500,000 dollar for improvements other than buildings. There was no debt financing used for these projects.

[D] During the year bonds with a face price of $180,000 were retired.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M920353

Have any Question? 


Related Questions in Basic Finance

Assignmentbackgroundfinancial literacy helps you to become

Assignment Background: Financial literacy helps you to become a better manager. Understanding the financial side of the business will make you more effective on the job and will make your work life more meaningful. The t ...

1 define the following termsa mergerb consolidationc

1. Define the following terms: a. Merger b. Consolidation c. Holding company 2. Describe some of the measures used by companies to discourage unfriendly takeover attempts. 3. What is the difference between an asset purch ...

Discuss the financial performance of the starbucks over the

Discuss the financial performance of the Starbucks over the past three years.

Research a potential employerassume that your favorite

Research a potential employer Assume that your favorite company has invited you to interview. To prepare for the interview, research the company by reviewing its website, reading news stories, and exploring websites such ...

1 what problems did the decline in housing prices that

1. What problems did the decline in housing prices that began in 2006 cause for the financial system? 2. What actions did the Federal Reserve and Treasury take in dealing with the financial crisis? What is the moral haza ...

1 discuss some advantages and disadvantages to consider

1. Discuss some advantages and disadvantages to consider when considering FDI in a developing nation. 2. Identify a business that is not already franchising but has potential for international franchise success. Support ...

What is the signaling theory of mergers what is the

What is the signaling theory of mergers? What is the relationship between signaling and the mode of payment used in acquisitions? Is there a relationship between the mode of payment used in acquisitions and the level of ...

Question 1 outline the differences between common stock and

Question 1: Outline the differences between common stock and preferred stock? Question 2: What are the differences between capital projects that are independent, mutually exclusive, and contingent? Question 3: Cortez Art ...

You have been asked to evaluate the effects of a new

You have been asked to evaluate the effects of a new educational video that was developed to reduce racial prejudice among adolescents. You plan to administer a pretest measure of racial attitudes to 60 adolescent partic ...

What distinguishes investment management from financial

What distinguishes investment management from financial management? What is the role of a discount rate in decision-making? What is the responsibility of the investment manager with respect to the investment portfolio? D ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen