During the current year, the Borough of Chittenden transfers $430,000 from the General Fund to the Debt

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During the current year, the Borough of Chittenden transfers $430,000 from the General Fund to the Debt Service Fund to make interest payments. What is the journal entry to record this transaction in the General Fund?

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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Posted Date: Feb 24, 2024 07:33 AM

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During the current year, the Borough of Chittenden transfers $430,000 from the General Fund to the Debt

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Journal Entry for Transfer to Debt Service Fund General Fund Debit Debt Service Fund 430000 ... View the full answer

Government and Not for Profit Accounting Concepts and Practices

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