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7-32. (Billings and collections between an Enterprise Fund and the General Fund) A city uses an Enterprise Fund to provide electricity to its citizens and

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7-32. (Billings and collections between an Enterprise Fund and the General Fund) A city uses an Enterprise Fund to provide electricity to its citizens and to its General Fund. A total o $50,000 was billed to the General Fund and collected 30 days later. Prepare the journal entries necessan to record these transactions, and label the fund(s) used

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