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Business, 20.10.2021 01:00 Ree0628

A city receives a grant from the state to help pay for the construction of a new fire station. An eligibility requirement is that the city must incur eligible construction expenditures on the fire station. The state sends the city $2,800,000 prior to the city beginning construction on the fire station. What journal entry should the city make to record the receipt of $2,800,000 from the state in the Capital Projects Fund

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