Question: Refer to the transactions in the previous exercise. 1. Prepare journal entries that the city would make in its governmental funds (e.g., its general fund

Refer to the transactions in the previous exercise.
1. Prepare journal entries that the city would make in its governmental funds (e.g., its general fund or a capital projects fund).
2. How would you recommend that the city maintain accounting control over the capital assets themselves—those you did not record as assets in the governmental funds?

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