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The General Fund of the City of Bangor Purchased Water

Question 27

Multiple Choice

The General Fund of the City of Bangor purchased water from its Water Utility Fund in the amount of $20,000.The General Fund would debit:

A) Expenditures Control.
B) Other Financing Uses-Transfers Out.
C) Water Expense.
D) None of the above; no entries would be made.

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