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A city orders a new computer for its General Fund at an anticipated cost of $88,000. Its actual cost when received is $89,400. Payment is subsequently made. Give all required journal entries for fund and government-wide financial statements. What information do the government-wide financial statements present? What information do the fund financial statements present?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M947233

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