On December 30, 2017, the City of Coyote borrowed $20,000 for the general fund on a 60-day

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On December 30, 2017, 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 2017?

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Advanced Accounting

ISBN: 978-1259444951

13th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni

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