On July 1 Gilbert County Bought Computer Equipment for Use

question 12

Multiple Choice

On July 1 Gilbert County bought computer equipment for use in the administrative offices of the County.The equipment has an estimated useful life of three years and salvage of $10,000.Gilbert County has a 6/30 fiscal year-end.Assuming that the County maintains its books and records in a manner that facilitates the preparation of government-wide financial statements, the $70,000 cost of this equipment would require which of the following entries?

• A)Debit Expenditures $70,000; Credit Cash $70,000
• B)Debit Equipment $70,000; Credit Cash $70,000
• C)Debit Expenses $70,000; Credit Cash $70,000
• D)No entry in the General Fund

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Definitions:

Attachment Patterns

The systemic behaviors seen in relationships that are formed in early childhood and affect relationships in adulthood.

Child-Rearing Practices

The methods and strategies used by parents and caregivers to raise and educate children, influencing their physical, emotional, and social development.

Securely Attached

Securely attached individuals tend to have a positive view of themselves and their relationships, feeling comfortable with intimacy and independence, stemming from stable and responsive caregiver relationships in early development.

Maternal Emotions

The complex spectrum of feelings and emotional states experienced by mothers in relation to their maternal role and their children.