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Business, 06.04.2021 01:00 Jayla1029

Comparison of accounting for long-term debt and acquisition of capital assets, using governmental-type funds and proprietary-type funds The village of Old Road orders a computer costing $300,000. The village finances the computer by issuing a $300,000 bond at face value. The village receives the computer and pays cash of $300,000. Prepare the journal entries to record these events assuming they were recorded in (a) the General Fund and (b) an Enterprise Fund.

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