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A city orders a new computer for its General Fund at an anticipated cost of...

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Accounting

A city orders a new computer for its General Fund at an anticipated cost of $92,700. Its actual cost when received is $94,250. Payment is subsequently made.

a. Prepare all required journal entries for both fund and government-wide financial statements. (Select the appropriate fund for each situation when required. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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