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Clark City Has the Following Balances in the Accounts of Its

Question 65

Essay

Clark City has the following balances in the accounts of its capital projects fund at year-end before closing entries. All accounts have normal balances. All amounts are in millions of dollars.
REQUIRED:
(a) Prepare an operating statement for the capital projects fund.
(b) Prepare a balance sheet for the capital projects fund. Clark City has the following balances in the accounts of its capital projects fund at year-end before closing entries. All accounts have normal balances. All amounts are in millions of dollars. REQUIRED: (a) Prepare an operating statement for the capital projects fund. (b) Prepare a balance sheet for the capital projects fund.

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