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Question - On January 2, 2011, plans and specifications for the first project, to be known as "Springer Street Project," were prepared by a consulting engineer's office. The engineer sent the Street Improvement Fund an invoice for $32,000.

Required: Prepare the journal entries to record this billing and the related Vouchers Payable liability in the Street Improvement Fund and governmental activities journals.

Accounting Basics, Accounting

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  • Reference No.:- M92598634
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