(Comparison of accounting for long-term debt and acquisition of fixed assets, using governmental-type funds and proprietary-type funds)...
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(Comparison of accounting for long-term debt and acquisition of fixed assets, using governmental-type funds and proprietary-type funds)
The Village of d'East acquired a computer for $\$ 300,000$. The computer was financed through a bond issue. Prepare the journal entries necessary to record these events assuming the computer was acquired using (1) the General Fund and (2) an Enterprise Fund. Also label the fund(s) used.
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Related Book For 
Introduction To Government And Not For Profit Accounting
ISBN: 9780130464149
5th Edition
Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch
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