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The entry to record the Special Revenue Fund's purchase of equipment costing $100,000 in cash is: a. Equipment 100,000 Cash 100,000 b. Capital outlay
The entry to record the Special Revenue Fund's purchase of equipment costing $100,000 in cash is: a. Equipment 100,000 Cash 100,000 b. Capital outlay 100,000 Cash 100,000 c. Appropriations 100,000 Cash 100,000 d. Encumbrances 100,000 Cash 100,000
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas
10th edition
133796833, 133427536, 9780133796834, 978-0133427530
