Essay
The City of Smithville was awarded a federal grant on May 1,2014 in the amount of $2,400,000 for the purpose of conducting a summer youth employment program.This was a reimbursement-type grant.On August 31,$5,475,000 of expenditures was recorded,and cash was paid out.On October 15 the $5,475,000 was received from the federal government.Record necessary entries as of July 1,August 31,September 30 and October 15.
Correct Answer:
Verified
Correct Answer:
Verified
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