Fixed assets purchased from general fund revenue were received. What account, if any, should have been debited

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Fixed assets purchased from general fund revenue were received. What account, if any, should have been debited in the general fund?

a. None

b. Fixed Assets

c. Expenditures

d. Fund Balance—Unassigned

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Advanced Financial Accounting

ISBN: 9781260165111

12th Edition

Authors: Theodore Christensen, David Cottrell, Cassy Budd

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