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Billings and collections between an enterprise fund and the

Question: (Billings and collections between an Enterprise Fund and the General Fund) A city used an Enterprise Fund to provide electricity services to the General Fund and its citizens. A total of $50,000 was billed to the General Fund and collected 30 days later. Prepare the journal entries necessary to record these transactions, and label the fund(s) used.

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Accounting Basics: Billings and collections between an enterprise fund and the

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