A check was issued from the general fund to transfer previously held funds for the special revenue

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A check was issued from the general fund to transfer previously held funds for the special revenue fund (due to/due from)

Record the journal entry that indicates the following:

1) Transfer $18000 from general fund to special revenue fund for a due to/due from transaction of $25000?

2) How is the remaining balance owed accounted for?

Related Book For answer-question

Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Posted Date: Feb 02, 2023 03:53 AM

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A check was issued from the general fund to transfer previously held funds for the special revenue

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1 The journal entry to record the transfer of 18000 f... View the full answer

Advanced Accounting

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