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Question 24 (10 points) At year-end, the City of Portland had the following ending balances in its General Fund operating accounts: Revenues Control $8.150,000 Expenditures

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Question 24 (10 points) At year-end, the City of Portland had the following ending balances in its General Fund operating accounts: Revenues Control $8.150,000 Expenditures Control $6,500,000 Other Financing Sources - Transfers In Control $600,000 Prepare the necessary closing journal entry in the General Ledger

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