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Assume the Federal Interstate Commission began the fiscal year with the following account balances: 1....

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Accounting

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Assume the Federal Interstate Commission began the fiscal year with the following account balances: 1. Congress passed a spending bill providing $16,000,000 to fund the agency's operations for the year. 2. During the first quarter the commission processed the following items for payment (all items were paid by Treasury in the first quarter)

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