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Q. 2.9 Amber City borrowed $ 1,000,000 secured by a 5-year mortgage note. The cash from the note was used to purchase a building
Q. 2.9 Amber City borrowed $ 1,000,000 secured by a 5-year mortgage note. The cash from the note was used to purchase a building for vehicle and equipment maintenance. Show how these transactions should be recorded in General Fund and governmental activities general journals?
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