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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
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. Dr Cr ||
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To record the budget for the City in General journal we need to consider both the estimated inflows ...Get Instant Access to Expert-Tailored Solutions
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