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Business, 20.03.2020 03:47 arielpraczko1

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 budget and actual journal entries 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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On July 12, 2018, Fred City ordered a new computer at an anticipated cost of $114,400. The computer...
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