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A city uses the consumption method of accounting for supplies in the General Fund. At the beginning of its fiscal year, the city had $4,000
A city uses the consumption method of accounting for supplies in the General Fund. At the beginning of its fiscal year, the city had $4,000 in supplies inventory. During the year, the city purchased $20,000 of supplies and used $18,000 of supplies. How much should be reported as an expenditure for supplies in the General Fund? $4,000 $20,000 $18,000 $6,000
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