Question: A city orders a new computer for its General Fund at an anticipated cost of $89,100. Its actual cost when received is $90,830. Payment is
A city orders a new computer for its General Fund at an anticipated cost of $89,100. Its actual cost when received is $90,830. Payment is subsequently made. a. Prepare all required journal entries for both fund and government-wide financial statements. Prepare the entries for the government-wide financial statements first. (If no entry is required for a transactionlevent, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 Record the receipt of computers and the accompanying liability Governmental Activities Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal
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