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    Advanced Accounting
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    Exam 16: Accounting for State and Local Governments, Part I
  5. Question
    Shell City Makes a Transfer of $100,000 from the General
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Shell City Makes a Transfer of $100,000 from the General

Question 79

Question 79

Essay

Shell City makes a transfer of $100,000 from the General fund to the Debt service fund.
Required:
Prepare the required journal entries and identify the funds in which they are recorded.

Correct Answer:

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