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In: Accounting

For each of the following events or transactions, identify the fund that will be affected. 1....

For each of the following events or transactions, identify the fund that will be affected.

1. A city government provides electricity services to residents for a fee.

2. A printing shop was established to handle the printing needs of a county government.

3. A philanthropist donates $1 million for zoo maintenance, only earnings can be used.

4. A city government collects sales taxes on behalf of the state and for some of its counties and municipalties. (Only identify one of the two funds that would be impacted by this event.)

5. Interest is paid on a state government's general obligation bonds.

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ekkarill92 answered 1 year ago
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