General fund and governmental activities general journal

Reference no: EM13297828

Amber city borrowed $1,000,000 secured by a 5-year mortgage note. This cash from the note was used to purchase a building for vehicle and equipment maintenance. Show how these two transactions should be recorded in the General Fund and governmental activities general journal

Reference no: EM13297828

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General fund and governmental activities general journal : Amber city borrowed $1,000,000 secured by a 5-year mortgage note. This cash from the note was used to purchase a building for vehicle and equipment maintenance. Show how these two transactions should be recorded in the General Fund and governmenta..

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