The following information pertains to activities for the construction of an office building (the project...
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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.
The budget approved for 2017 requires the General Fund (GF) to transfer $100,000 to CPF for the project.
Prepare any necessary journal entries for the above transactions for respective fund statements and government wide financial statements.
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