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For the follow transactions, prepare all corresponding journal entries in all the funds affected. The city receives contractor invoices for $15.1 million for construction and
For the follow transactions, prepare all corresponding journal entries in all the funds affected.
The city receives contractor invoices for $15.1 million for construction and related services from a project. The invoices include a $150,000 additional over-time charge not included in the original contract but approved by the city controller. The city pays the invoices with 15% retention.
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