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A New Truck Was Ordered for the Sanitation Department at a Cost

question 14

Essay

A new truck was ordered for the sanitation department at a cost of $122,200 on September 3, 2013.
Required:
(A.) Prepare the required journal entry in the General Fund for the Fund Financial Statements.
(B.) Prepare the required journal entry for the Government-Wide Financial Statements.


Definitions:

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