chapter 12 question 6,7,8

chapter 12 question 6,7,8 - Fund Balance Cash + 800,000 No...

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12.6 1 st - accrual, modified accrual 2 nd - accrual 12.7 1. Cash increases $1 million; Fund balance (net assets) increase $1 million revenue 2. General Fund Assets = Liabilities + Fund Balance Cash -800,000 = Due to CPF +200,000 - Transfer to CPF 1,000,000 Capital Projects Fund Assets = Liabilities +
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Unformatted text preview: Fund Balance Cash + 800,000 No change Due from GF +200,000 = in liabilities + Transfer from GF 1,000,000 3. d. 150,000 12.8 1 B . Decrease cash by 18,000 and increase equipment assets by 18,000. 2. B . Increase accumulated depreciation by $3,000 and increase expenses by $3,000....
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