Business, 22.07.2021 17:50 janae789

At the start of 2020, a resident of the City of LaVerada donated $2.5 million to the LaVerada School District. The donor specified that the entire $2.5 million be invested, and investment income used to provide tutoringservices for high school students. Investments were made, and 2020 investment income was $100,000. Administrative costs related to investing activities were $2,000. The school district started a tutoring program, and spent $15,000 for supplies, $25,000 for facilities rent, and $35,000 for tutoring. The investments are worth $2,580,000 at the end of 2020. Required
The drop down options are as follows: Cash-principal, Fund balance-nonspendable, Investments-principal, Cash-income, Investment income, Investments-income, Expenditures, Unrealized gain on investment, Unrealized loss on investment.
Record the events described above in a permanent fund. Include closing entries.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 09:00

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance

Answers: 2

Answer

Business, 22.06.2019 19:00

The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.

Answers: 1

Answer

Business, 22.06.2019 20:30

Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions

Answers: 3

Answer

Business, 22.06.2019 21:50

By which distribution system is more than 90 percent of u.s. coal shipped? a. pipelinesb. trucksc. waterwaysd. railroadse. none of the above

Answers: 1

Answer

You know the right answer?

At the start of 2020, a resident of the City of LaVerada donated $2.5 million to the LaVerada School...

Questions