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Government and NFP Accounting solution needed. E. 3-2 During the year, the district engaged in the following transactions. Prepare appropriate journal entries. It collected $5,800

Government and NFP Accounting solution needed.

E. 3-2 During the year, the district engaged in the following transactions. Prepare appropriate journal entries.

  1. It collected $5,800 in fees, grants, taxes, and other revenues.
  2. It ordered goods and services for $3,000. Except in special circumstances it classifies reserves for encumbrances as

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