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Assume a budget for City has been approved and the following information is available: Estimated inflow from revenue $900,000 Estimated inflow from general long term

Assume a budget for City has been approved and the following information is available:

Estimated inflow from revenue $900,000

Estimated inflow from general long term debt $100,000

Transfer from other funds $250,000

Sales of fixed Assets $300,000

Estimated outflows expenditures$1,200,000

Transfer to other funds $ 370,000

Record the above events in a general journal

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