Question: A city orders a new computer for its General Fund at an anticipated cost of $88,400. Its actual cost when received is $90,490. Payment is

A city orders a new computer for its General Fund at an anticipated cost of $88,400. Its actual cost when received is $90,490. Payment is subsequently made. a. Prepare all required journal entries for both fund and government-wide financial statements. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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