The village of Old Road orders a computer costing $720,000. The village finances the computer by issuing
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Question:
The village of Old Road orders a computer costing $720,000. The village finances the computer by issuing a $720,000 long-term bond at face value. The village receives the computer and pays cash of $720,000.
a) Prepare the journal entries to record these events assuming they were recorded in the General Fund
b) Prepare the journal entries to record these events assuming they were recorded in the Enterprise Fund.
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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