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    Advanced Accounting Study Set 8
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    Exam 16: Accounting for State and Local Governments
  5. Question
    Shell City Transfers $100,000 from the General Fund to the Debt
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Shell City Transfers $100,000 from the General Fund to the Debt

Question 40

Question 40

Essay

Shell City transfers $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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