The Village of Peaks Kill acquired a computer for $ 300,000. The computer was financed through a
Question:
The Village of Peak’s Kill acquired a computer for $ 300,000. The computer was financed through a bond issue. Prepare the journal entries necessary to record these events, assuming the computer was acquired using
(a) The General Fund and
(b) An Enterprise Fund. Also, label the fund(s) used.
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1 GF Cash 300000 Other financing sources proceeds f...View the full answer
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Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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