Assume that inspection services were performed by the General Fund department on a capital project...
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Accounting
Assume that inspection services were performed by the General Fund department on a capital project that is being accounting for in a Capital Project Fund. The inspection is being charged to the project. The entry to record this transaction in the Capital Project Fund would be Debit expenditures and credit due to General Fund. Debit capital asset and credit due to General Fund. Debit other financing uses and credit due to General Fund. Debit expenditures and credit revenues.
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