78.

Jackson Township bought a new Sanitation Truck using general fund cash. When the asset was acquired, what was the appropriate entry in the general fund, assuming that the entity maintains its books and records in a manner to facilitate the preparation of fund financial statements?

		Debit Equipment; Credit Cash
		Debit Equipment; Credit Investment in capital assets
		Debit Expenditures; Credit Cash
		Debit Expenditures; Credit Investment in capital assets