Essay
On July 12, 2021, Carbondale City ordered a new computer at an anticipated cost of $126,200. The computer was received on July 16, 2021 with an actual cost of $129,450. Payment was subsequently made on August 15, 2021.Required:(A) Prepare all the required journal entries and identify the type of fund in which each entry was 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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(A) Governmental Fund Financia...View Answer
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