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Please show work notes, thank you & stay safe! The Exercise: The City of Nodine had the following balances after recording its relevant transactions for
Please show work notes, thank you & stay safe!
The Exercise: The City of Nodine had the following balances after recording its relevant transactions for 2013. Journalize all the closing entries for the General Fund. Expenditures, $390,000 Estimated revenues, $460,000 Reserve for encumbrances, 2013, $10,000 Revenues $450,000 Expenditures chargeable to 2013 reserve, S9,900 Appropriations, S430,000 Encumbrances, $32,000Step by Step Solution
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