. The following information pertains to activities for the construction of an office building (the...

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Accounting

. The following information pertains to activities for the construction of an office building (the project hereafter) in capital project fund (CPF) of SB city during the fiscal year 2017 ending on 12/31/2017.

CPF received fund transfer of $100,000 from the GF.

Prepare any necessary journal entries for the above transactions for respective fund statements and government wide financial statements.

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