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17. At year-end, the City of Portland had the following ending balances in its General...

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Accounting

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17. At year-end, the City of Portland had the following ending balances in its General Fund operating accounts: Revenues Control $7,950,000 Expenditures Control $6,000,000 Other Financing Sources Transfers In Control $500,000 Prepare the necessary closing journal entry in the Genera -10 points

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