On January 1,2014,the Enterprise Fund for a Local City Receives

question 5

Multiple Choice

On January 1,2014,the Enterprise Fund for a local city receives an intergovernmental capital grant of $100,000 from the state government.Upon receipt of the cash on February 1,2014,qualifying expenses of $100,000 for the operating grant will be incurred.What journal entry did the Enterprise Fund prepare on January 1,2014?

• A)Debit Cash $100,000,credit Deferred Revenue $100,000
• B)Debit Due From Other Governments $100,000,credit Contributed Capital $100,000
• C)Debit Restricted Cash $100,000,credit Nonoperating Revenues $100,000
• D)Debit Due From Other Governments $100,000,credit Other Financing Sources - operating grant $100,000

Understand how to properly request actions or adjustments in a professional manner.

Grasp the principles of responding to claims or adjustment requests, including when the customer or company is at fault.

Articulate the importance of maintaining goodwill and encouraging positive future interactions in business communication.

Develop skills in structuring and writing procedural and personalized business communications.