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.

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Definitions:

Gymnosperm

Type of woody seed plant in which the seeds are not enclosed by fruit and are usually borne in cones, such as those of the conifers.

Cycad

Type of gymnosperm with palmate leaves and massive cones; cycads are most often found in the tropics and subtropics.

Classified

Categorized or organized into groups based on shared characteristics or attributes.

Pollen Grains

Microscopic structures that carry the male gametes of seed plants and are necessary for fertilization of the female ovule.