Question: A city orders a new computer for its General Fund at an anticipated cost of $90,900. Its actual cost when received is 592,440. Payment is
A city orders a new computer for its General Fund at an anticipated cost of $90,900. Its actual cost when received is 592,440. 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 transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the receipt of computers and the accompanying liability - Governmental Activities Note: Enter debits before credits. Transaction General Journal Debit Credit 1 No journal entry required Record entry Clear entry View general journal
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