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Using this Information how do i do this ? THE VILLAGE OF SOMMERVILLE HAD THE FOLLOWING TRANSACTIONS AS OF MARCH 30TH: 1. The General Fund
Using this Information how do i do this ?
THE VILLAGE OF SOMMERVILLE HAD THE FOLLOWING TRANSACTIONS AS OF MARCH 30TH: 1. The General Fund received its March bill for Electricity from the Village's electric utility fund. The amount due was $15,000 2. The General Fund loaned the Park special revenue fund $30,000 on March 17th to be repaid in 2 years. 3. The General Fund subsidizes the Mass Transit Authority operations; it plans to transfer $50,000 April 8th on Interfund Transactions This is an example of: Account Title Debit Credit Fund: Fund: This is an example of: Account Title Debit Credit Fund: Fund: example of This is an Account Title Debit Credit Fund: Fund: Classification of fund balance Amount Fund Balance Classification Total Fund Balance 850,000 THE VILLAGE OF SOMMERVILLE HAD THE FOLLOWING TRANSACTIONS AS OF MARCH 30TH: 1. The General Fund received its March bill for Electricity from the Village's electric utility fund. The amount due was $15,000 2. The General Fund loaned the Park special revenue fund $30,000 on March 17th to be repaid in 2 years. 3. The General Fund subsidizes the Mass Transit Authority operations; it plans to transfer $50,000 April 8th on Interfund Transactions This is an example of: Account Title Debit Credit Fund: Fund: This is an example of: Account Title Debit Credit Fund: Fund: example of This is an Account Title Debit Credit Fund: Fund: Classification of fund balance Amount Fund Balance Classification Total Fund Balance 850,000Step by Step Solution
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