If a city's General Fund acquires a new copier under a lease agreement:
1) The cost of the copier should be recorded in the ________ general journal(s).
2) The "cost" of the copier is computed as ________.
3) A governmental fund should record the cost of the copier as an Expenditure, offset by a credit to ________.
4) The liability for the lease should be recorded in the ________ general journal(s).
5) The liability should be computed as ________.

Question

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The Answer of If a city's General Fund acquires a new copier under a lease agreement:
1) The cost of the copier should be recorded in the ________ general journal(s).
2) The "cost" of the copier is computed as ________.
3) A governmental fund should record the cost of the copier as an Expenditure, offset by a credit to ________.
4) The liability for the lease should be recorded in the ________ general journal(s).
5) The liability should be computed as ________.

If a City's General Fund Acquires a New Copier Under