Gov Acc

Question 1

Property tax revenue received

Answer 1

Dr. Cash
Dr. Property Taxes Receivable
Cr. Property Tax Revenue

Question 2

Encumbrance for purchase order

Answer 2

Dr. Encumbrances
Cr. Budgetary Fund Balance - Reserved for Encumbrances

Question 3

Receipt of intergovernmental grant

Answer 3

Dr. Cash
Dr. Grants Receivable
Cr. Intergovernmental Revenue

Question 4

Payment of employee salaries

Answer 4

Dr. Salary Expenditure
Cr. Cash

Question 5

Issuance of general obligation bonds

Answer 5

Dr. Cash
Cr. Bonds Payable

Question 6

Recognition of depreciation in government-wide statements

Answer 6

Dr. Depreciation Expense
Cr. Accumulated Depreciation

Question 7

Collection of special assessment revenue

Answer 7

Dr. Cash
Cr. Special Assessment Revenue

Question 8

Recording of capital asset purchase

Answer 8

Dr. Capital Assets
Cr. Cash

Question 9

Recognition of compensated absences liability

Answer 9

Dr. Salaries and Benefits Expense
Cr. Compensated Absences Payable

Question 10

Interfund transfer

Answer 10

Dr. Transfer Out (Fund A)
Cr. Cash (Fund A)
Dr. Cash (Fund B)
Cr. Transfer In (Fund B)