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goji.go goji.go
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Posts: 5977
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9 years ago
Identify the adjustment entries, if any, necessary to prepare government-wide financial statements from the city's calendar year 2012 fund-level statements
      a.   No journal entries are needed
      b.   Capital assets - equipment   70,000
            Expenditures - capital outlay      70,000
         Depreciation expense - equipment   11,667
            Accumulated depreciation - equipment      11,667
      c.   Capital assets - equipment   60,000
            Expenditures - capital outlay      60,000
         Depreciation expense - equipment   10,000
            Accumulated depreciation - equipment      10,000
      d.   Capital assets - equipment   70,000
            Expenditures - capital outlay      70,000
         Depreciation expense - equipment   10,000
            Accumulated depreciation - equipment      10,000
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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