On July 12, 2018, Fred City Ordered a New Computer

question 29

Essay

On July 12, 2018, Fred City ordered a new computer at an anticipated cost of $114,400.The computer was received on July 16, 2018 with an actual cost of $116,220.Payment was subsequently made on August 15, 2018.
Required:
(A) Prepare all the required journal entries and identify the type of fund in which each entry was recorded for the governmental fund financial statements.
(B) Prepare all the required journal entries to be recorded for the government-wide financial statements.

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Definitions:

Trendelenburg's Position

A body position where the patient lies flat on their back with the legs elevated higher than the head, used for various medical purposes.

Gastroesophageal Reflux Disease (GERD)

A digestive disorder where stomach acid or bile irritates the food pipe lining, leading to heartburn and acid reflux.

Distended Abdomen

The condition of having an abnormally swollen or enlarged belly, which can result from various medical conditions like fluid accumulation, gas, or obstruction.

Bronchiectasis

A condition characterized by the permanent enlargement of parts of the airways of the lung, leading to symptoms such as persistent cough, mucus production, and recurrent respiratory infections.