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A little help please 2. On the first day of the fiscal year, Pineda College receives $875,000 of the appropriations amount. Record any necessary journal
A little help please
2. On the first day of the fiscal year, Pineda College receives $875,000 of the appropriations amount. Record any necessary journal entry. Enter accounts in order of magnitude (largest to smallest amounts), debits first. 3. On the first day of the second quarter of the fiscal year, Pineda College receives another $875,000 installment on the appropriations. Record any necessary journal entry. 4. On the first day of the third quarter of the fiscal year, Pineda College receives another $875,000 installment on the appropriations. Record any necessary journal entry. 5. During the fourth quarter of the fiscal year, the state was having financial concerns and did not distribute the fourth and final installment on the appropriations for the year. Based on the magnitude of the state's financial concerns, it does not anticipate distributing the final installment for six more months. What steps, if any, could Pineda College take in response to the delayed paymentStep by Step Solution
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