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The following balances exist at year end within the governmental activities of a government unit: Transfers In: 145,000 Transfers Out: 115,000 When compiling the government-wide

The following balances exist at year end within the governmental activities of a government unit:

Transfers In: 145,000 Transfers Out: 115,000 When compiling the government-wide financial statements, the journal entry to eliminate the transfer activity will include: Multiple Choice A debit of $115,000 to Transfers in A debit of $30,000 to Transfers In None of the choices are correct A debit of $115.000 to Transfers Out

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