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Please show solutions. Assume the following transactions occurred in a school district General Fund during the year: Charges for services collected - $25,000 Taxes levied
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Assume the following transactions occurred in a school district General Fund during the year: Charges for services collected - $25,000 Taxes levied - $2,450,000 Taxes collected from current year levy and prior year tax levies - $2,320,000 Tax prepayments received - $10,000 Grants earned and received during the year - $300,000 Grants awarded but not yet available - $250,000 The amount of revenues recorded in the General Fund for the year would be A. $2,895,000. B. $2,655,000. C. $2,645,000. D. $2,450,000Step by Step Solution
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