The Village of Peaks Kill acquired a computer for $ 300,000. The computer was financed through a

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The Village of Peak’s Kill acquired a computer for $ 300,000. The computer was financed through a bond issue. Prepare the journal entries necessary to record these events, assuming the computer was acquired using

(a) The General Fund and

(b) An Enterprise Fund. Also, label the fund(s) used.

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Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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Question Posted: Dec 30, 2014 04:52 AM

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The Village of Peaks Kill acquired a computer for $ 300,000. The computer was financed through a

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1 GF Cash 300000 Other financing sources proceeds f...View the full answer

Introduction to Governmental and Not for Profit Accounting

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