(Budgetary Interchanges) Due to increased concern about security during a large sporting event, the city council of...

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(Budgetary Interchanges)
Due to increased concern about security during a large sporting event, the city council of Carnival City authorized the Police Department to spend $50,000 to hire more officers. In order to provide resources for the additional protection, the city council directed you to transfer $50,000 from the appropriation for the purchase of new equipment to the appropriation for salaries.
Required: Prepare the entry necessary to record this budgetary interchange.

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