Business, 09.09.2020 18:01 KRose3311

A governmental entity has a General Fund and an Enterprise Fund. At the beginning of the year, neither fund has any unpaid salary liability. During the year, both funds paid salaries of $600,000. In addition, salaries for the last three days of the fiscal year ($15,000 for each fund) will be paid during the first week of the next fiscal year. How much should each fund report as salary expenditures (expenses) for the fiscal year?

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A governmental entity has a General Fund and an Enterprise Fund. At the beginning of the year, neith...

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