The following adjusting journal entry does not include an explanation. Select the best explanation for the entry. Supplies Expense 730 Supplies 730 ????????????????
a. Adjust supplies inventory to actual.
b. Record purchase of supplies.
c. Reduce supplies expense.
d. Record sale of supplies.
Question 2
Which of the following do most governmental entities not integrate into their general ledger accounts?
A. Governmental fund accounts.
B. Fiduciary fund accounts.
C. Government-wide information.
D. Proprietary fund accounts.
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