The General Fund used electricity provided by the city-owned electric utility (an enterprise fund of...
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Accounting
The General Fund used electricity provided by the city-owned electric utility (an enterprise fund of the city). The governmental activities journal entry to record the transaction will include:
A. A debit to Expenses.
B. A debit to Expenditures.
C. A debit to Internal Balances.
D. No entry would be recorded since the transaction is between two funds of the same government.
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