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A nonprofit organization is required to maintain a debt service fund as a condition of...

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Accounting

A nonprofit organization is required to maintain a debt service fund as a condition of bond contracts. It is obligated to transfer $125,000 to the debt service fund on June 1 to pay for previous debt issuance. On June 1, It transfers $125,000 cash from the general fund to the debt service fund. It uses full accrual accounting. Indicate how this transaction will impact the fundamental accounting equation for both funds.

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