Journalize the Following Utility Transactions in the Quest County Enterprise

question 48

Essay

Journalize the following utility transactions in the Quest County Enterprise Fund:
1.Billings to external customers $1,600,000; billings to Quest County governmental funds $130,000.
2.Collected refundable deposits from new customers $10,000.
3.Collected 95% of all billings by fiscal year-end.
4.Refunded $4,000 in deposits to former customers.
5.Unbilled services to outside customers at year-end $14,000.

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Definitions:

Homosexuality

A preference where individuals feel romantic or sexual desires for members of the same sex.

Sexual Stereotyping

The process of assigning overly simplistic and generalized beliefs or roles to individuals based on their sexual orientation or gender.

Discrimination

Unfair treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice towards other groups.