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

question 23

Essay

A new truck was ordered for the sanitation department at a cost of $122,200 on September 3, 2018.
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.

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Definitions:

Middle Childhood

A developmental stage that typically covers the period from ages 6 to 12, marked by significant growth in cognitive, emotional, and social skills.

Obesity

A medical condition where excess body fat accumulates to an extent that may have a negative effect on health.

Asthma

A chronic disease of the airways that makes breathing difficult by causing inflammation and narrowing of the bronchial tubes.

Team Sports

Activities involving organized groups competing against each other according to set rules, emphasizing teamwork, strategy, and physical exertion.