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    Advanced Accounting Study Set 12
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    Exam 16: Accounting for State and Local Governments, Part I
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    Prepare the Journal Entry and Identify the Fund to Record
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Prepare the Journal Entry and Identify the Fund to Record

Question 70

Question 70

Essay

Prepare the journal entry and identify the fund to record Palmer City's purchase order of two trucks for $150,000 and identify the fund in which the entry is recorded.

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