The city of Kamen collected $17,000 from parking meters that must be transferred to the county government.
Required:
For fund-based financial statements, prepare the journal entry for this transaction including the fund type in which the entry would have been recorded.

Question

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The Answer of The city of Kamen collected $17,000 from parking meters that must be transferred to the county government.
Required:
For fund-based financial statements, prepare the journal entry for this transaction including the fund type in which the entry would have been recorded.

The City of Kamen Collected $17,000 from Parking Meters That