For each of the following events or transactions, identify the fund or funds that will be affected.

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1. The Board of County Commissioners approved the construction of a new town band shell.

2. A central computing center was established to handle the data processing needs of a municipality.

3. A local municipality provides water and sewer services to residents of nearby communities for a fee.

4. A village receives a grant from the state government. The funds are to be used solely for preserving wetlands.

5. Property taxes are levied by a city government.

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Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Question Posted: Oct 15, 2011 11:00 AM

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For each of the following events or transactions, identify the fund or funds that will be affected.

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