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Prepare all the required journal entries in the general fund

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On August 16, 2021, the City of Springfield ordered a new computer at an anticipated cost of $150,000 The computer was received on August 23, 2021, with an actual cost of $153,600. Payment was subsequently made on September 15, 2021.

Problem (A) Prepare all the required journal entries in the general fund for the governmental fund financial statements.

Problem (B) Prepare all the required journal entries to be recorded for the government-wide financial statements.

Reference no: EM132965973

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