Question: A city orders a new computer for its General Fund

A city orders a new computer for its General Fund at an anticipated cost of $88,000. Its actual cost when received is $89,400. Payment is subsequently made. Give all required journal entries for fundbased and government-wide financial statements. What information do the government-wide financial statements present? What information do the fund-based financial statements present?


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  • CreatedOctober 04, 2014
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