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Assume the general fund transfers money to the capital projects fund. The general fund does not expect to ever be paid back. The journal entry
Assume the general fund transfers money to the capital projects fund. The general fund does not expect to ever be paid back. The journal entry that should be made by the capital projects fund should include a debt to cash and a credit to: Net assets 0 Other Financing Sources - Transfer from general fund Payable to general fund O Revenues
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