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The School System Had Some Brochures Printed by a Local

question 66

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The school system had some brochures printed by a local printing service on September 22, 2021. The school system received an invoice showing an amount of $1,730 for the printing, but the bill is not due until October 15, 2021.Required:(A) Prepare the required journal entry in the general fund for the governmental fund financial statements.(B) Prepare the required journal entry for the government-wide financial statements.


Definitions:

Unemployment Insurance Program

A government initiative that provides financial support to eligible individuals who are unemployed through no fault of their own.

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