Cartier Village\'s capital expenditures during the year ended December 31 includ
ID: 2339952 • Letter: C
Question
Cartier Village's capital expenditures during the year ended December 31 included:
What amounts should have been recorded in the General Fund and the governmental activities journal for the increase in the equipment account during the year ended December 31?
Multiple Choice
General Fund: $0; Governmental activities: $100,000
General Fund: $0; Governmental activities: $0
General Fund: $100,000; Governmental activities: $0
General Fund: $40,000; Governmental activities: $60,000
Equipment for village tax collector's office $ 40,000 Police vehicles 60,000Explanation / Answer
General Fund: $0; Governmental activities: $100,000 Capital expenditures of $40000 amd $60000 are recorded in the governmental activities journal. Option 1 is correct
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