Indicate all of the effects of each transaction on each of the funds and the non-fund accounts of a local government and indicate the fund(s) affected and include analysis of any year-end adjustments that are required by analyzing each transaction.

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Answer 1

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Chapter 2, Problem 3P

1.

To determine

Indicate all of the effects of each transaction on each of the funds and the non-fund accounts of a local government and indicate the fund(s) affected and include analysis of any year-end adjustments that are required by analyzing each transaction.

2.

To determine

Indicate the manner in which each of the transactions, events, or related adjustments must be reported in the operating statement of each fund affected by each transaction.

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Answer 2

Question

Chapter 2, Problem 3P

1.

To determine

Indicate all of the effects of each transaction on each of the funds and the non-fund accounts of a local government and indicate the fund(s) affected and include analysis of any year-end adjustments that are required by analyzing each transaction.

2.

To determine

Indicate the manner in which each of the transactions, events, or related adjustments must be reported in the operating statement of each fund affected by each transaction.

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Answer 3

Question

Chapter 2, Problem 3P

1.

To determine

Indicate all of the effects of each transaction on each of the funds and the non-fund accounts of a local government and indicate the fund(s) affected and include analysis of any year-end adjustments that are required by analyzing each transaction.

2.

To determine

Indicate the manner in which each of the transactions, events, or related adjustments must be reported in the operating statement of each fund affected by each transaction.

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Answer 4

Question

Chapter 2, Problem 3P

1.

To determine

Indicate all of the effects of each transaction on each of the funds and the non-fund accounts of a local government and indicate the fund(s) affected and include analysis of any year-end adjustments that are required by analyzing each transaction.

2.

To determine

Indicate the manner in which each of the transactions, events, or related adjustments must be reported in the operating statement of each fund affected by each transaction.

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Answer 5

Chapter 2, Problem 3P

1.

To determine

Indicate all of the effects of each transaction on each of the funds and the non-fund accounts of a local government and indicate the fund(s) affected and include analysis of any year-end adjustments that are required by analyzing each transaction.

2.

To determine

Indicate the manner in which each of the transactions, events, or related adjustments must be reported in the operating statement of each fund affected by each transaction.

Answer 6

Chapter 2, Problem 3P

1.

To determine

Indicate all of the effects of each transaction on each of the funds and the non-fund accounts of a local government and indicate the fund(s) affected and include analysis of any year-end adjustments that are required by analyzing each transaction.

Answer 7

Chapter 2, Problem 3P

1.

To determine

Indicate all of the effects of each transaction on each of the funds and the non-fund accounts of a local government and indicate the fund(s) affected and include analysis of any year-end adjustments that are required by analyzing each transaction.

Answer 8

2.

To determine

Indicate the manner in which each of the transactions, events, or related adjustments must be reported in the operating statement of each fund affected by each transaction.

Answer 9

2.

To determine

Indicate the manner in which each of the transactions, events, or related adjustments must be reported in the operating statement of each fund affected by each transaction.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 2 - Governmental accounting systems are different from...Ch. 2 - Funds used in state and local government...Ch. 2 - Prob. 3Q Ch. 2 - Why are a municipalitys general capital assets and...Ch. 2 - Prob. 5Q Ch. 2 - Under what circumstances should a government use a...Ch. 2 - Identify the fund types that are classified as...Ch. 2 - Prob. 8Q Ch. 2 - Prob. 9Q Ch. 2 - Prob. 10Q

Indicate all of the effects of each transaction on each of the funds and the non-fund accounts of a local government and indicate the fund(s) affected and include analysis of any year-end adjustments that are required by analyzing each transaction.

Solution Summary: The author enumerates the effects of each transaction on each of the funds and non-fund accounts of a local government.

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Indicate all of the effects of each transaction on each of the funds and the non-fund accounts of a local government and indicate the fund(s) affected and include analysis of any year-end adjustments that are required by analyzing each transaction.

Indicate the manner in which each of the transactions, events, or related adjustments must be reported in the operating statement of each fund affected by each transaction.

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