On December 30, 2008, the City of Coyote borrowed $20,000 for the General Fund on a 60-day
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On December 30, 2008, the City of Coyote borrowed $20,000 for the General Fund on a 60-day note. In that fund, both Cash and Other Financing Sources were recorded. In the general informa¬ tion, a $30,000 overall increase was reported in the General Fund balance. What was the correct change in the General Fund’s balance for 2008? LO9
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Related Book For
Advanced Accounting
ISBN: 9780073379456
9th Edition
Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle
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