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Government Accounting financial statements with a journal entry. National Government journals entries samples.

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Government Accounting financial statements with a journal entry. National Government journals entries samples.

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Ga 7

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ADJUSTMENT

Subsidy from National Government 232,000

Cash- Modified Disbursement System (MDS), Regular 232,000

to recognize reversion of unused NCA

Depreciation Expense- Equipment 3,800

Accom. Depreciation- Equipment 3,800

to recognize depreciation of equipment

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