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The Adama City Municipality estimates the following revenues for the fiscal year of 2011 E.C. as follows; Property tax revenue ETB 200,000,000, Other financing sources ETB 2,500,000, License and permits ETB 5,000,000, Charges from services rendered ETB 20,000,000 & Fines and forfeits ETB 3,500,000.
Instruction:
Question 1: Record the estimated revenues of the Adama City on General Ledger & Subsidiary Ledger
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