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Journal entries (f) The city received the computer equipment that it ordered earlier. However, due to a recent price increase, the actual cost was $24.

Journal entries

(f) The city received the computer equipment that it ordered earlier. However, due to a recent price increase, the actual cost was $24.

(g) In order to close the books at the end of the year, you found that actual revenues totaled $8,200 and actual expenditures totaled $7,900.

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