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Record the following in the General Fund and in the Government-Wide financial statements(where applicable). The General Fund collected $100000 as a result of a 5

Record the following in the General Fund and in the Government-Wide financial statements(where applicable).

The General Fund collected $100000 as a result of a 5 year bond issue made by New York City, and subsequently used these funds to purchase $60000 of equipment. The remaining $40000 was encumbered for future purchases of transportation equipment.

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