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Can anyone show the whole journal entry for me? Thx. Question 13 (TB.AICPA.FAR.prop.funds-0002) During the current year, Vann County's motor pool internal service fund sold
Can anyone show the whole journal entry for me? Thx.
Question 13 (TB.AICPA.FAR.prop.funds-0002) During the current year, Vann County's motor pool internal service fund sold two vehicles for $5,000. The vehicles had a cost of $6,000 and a carrying value of $4,000. How should Vann County's motor pool internal service fund report this transaction in its fund financial statements? Revenue of $5,000 Other financing source of $5,000 Special item of $1,000 Your Answer Gain of $1,000Step by Step Solution
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