At the year end the city of Portland had the following ending balances in its general fund
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Question:
At the year end the city of Portland had the following ending balances in its general fund operating account:
revenue control $815,0000
expenditure control $6,500,000
other financing sources transfer in control's $600,000.
Prepare the necessary closing journal entry in the general ledger.
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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