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Enron Company decided to relocate its headquarters to Westwego City In Jefferson Parish. To attract this high tech company, the City agreed to pay 20%

Enron Company decided to relocate its headquarters to Westwego City In Jefferson Parish. To attract this high tech company, the City agreed to pay 20% of $20 million cost of the headquarters. The building was completed on May 2, 2009. Enron received the 20% per cent in cash.

Required: Prepare the Journal entries Enron should make in its General Journal.

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