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On July 12, 2020, a city ordered new office equipment at an anticipated cost of $130,000. The office equipment was received on August 12, 2020
On July 12, 2020, a city ordered new office equipment at an anticipated cost of $130,000. The office equipment was received on August 12, 2020 with an actual cost of $133,500. Payment was subsequently made on September 22, 2020. Required: a. Prepare all the required journal entries and identify the type of fund in which each entry was recorded for the governmental fund financial statements
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