Accounting Can Suck My Dick

Chapter 5

5-1. The solution to this and the first exercise of Chapters 1–4 and 6–9 will differ from student to student, assuming each has a different CAFR.

5-2. 1. D.

2. C.

3. B.

4. C.

5. D.

6. A.

7. C.

8. D.

9. C.

10. A.

5-3. 1. D.

2. A.

3. D.

4. B.

5. 5. D.

6. A.

7. C.

8. D.

9. C.

10. D.

5-4 (A).

ARMSTRONG COUNTY

COUNTY OFFICE BUILDING CONSTRUCTION FUND

CAPITAL PROJECTS FUND GENERAL JOURNAL

| | | Debits | Credits |

|1. |Cash |9,000,000 | |

| |Other Financing Sources- | | |

| |Proceeds of Bonds | |9,000,000 |

|2. |Encumbrances Control |8,800,000 | |

| |Fund Balance-Reserved | | |

| |for Encumbrances | |8,800,000 |

|3. |Fund Balance-Reserved for Encumbrances |6,000,000 | |

| |Encumbrances Control | |6,000,000 |

| |Construction Expenditures |6,000,000 | |

| |Contracts Payable...