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Carver Town- ship issued a 2-year, 6 percent note in the amount of $100,000 to...

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Accounting

Carver Town- ship issued a 2-year, 6 percent note in the amount of $100,000 to finance the purchase of vehicles for the Police Department. Required 1. Record the issuance of the $100,000 note in the General Fund and the governmental activities general journals. 2. Record the purchase of vehicles in the amount of $100,000 in the General Fund and governmental activities general journals. 3. Explain why the accounting treatment is different in the General Fund and governmental activities general journals."

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