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A city orders a new computer for its General Fund at an anticipated cost of $90,900. Its actual cost when received is $92,440. Payment is

A city orders a new computer for its General Fund at an anticipated cost of $90,900. Its actual cost when received is $92,440. Payment is subsequently made.

a.

Prepare all required journal entries for both fund and government-wide financial statements. Prepare the entries for the government-wide financial statements first. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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