Question: On December 30 2015 the City of Coyote borrowed 20 000
On December 30, 2015, the City of Coyote borrowed $20,000 for the general fund on a 60-day note. In that fund, both Cash and Other Financing Sources were recorded. In the general information above for this city, a $30,000 overall increase was reported in the general fund balance. What was the correct change in the general fund’s balance for 2015?
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