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Record the given events in a general journal

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Reference no: EM132056633

Problem - Governmental Budget

A budget for City has been approved and the following information is available:

• Estimated inflow from revenue $900,000

• Estimated inflow from general long term debt $100,000

• Transfer from other funds $250,000

• Sales of fixed Assets $300,000

• Estimated outflows expenditures$1,200,000

• Transfer to other funds $ 370,000

Record the above events in a general journal.

Reference no: EM132056633

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