View attached explanation and answer. Let me know if you have any questions.OUTLINE1OutlineStudent’s NameInstitutional AffiliationInstructor’s NameCourseDue DateOUTLINE1OutlineI.Introductiona. Title: ACC 403 governmental and nonprofit entitiesII.Question 9-20: Comprehensive Set of Transactions.a. This question consists of journal entries for several transaction carried out by TheCity of Lynnwood, a governmental organization.III.Question 9-23: Net Position Classification.a. This question identified how the net position would change when transaction listedunder A were applied.ACC 403 GOVERNMENTAL AND NONPROFIT ENTITIESACC 403 Governmental and Nonprofit EntitiesStudent’s NameInstitutional AffiliationInstructor’s NameCourseDue Date1ACC 403 GOVERNMENTAL AND NONPROFIT ENTITIES2ACC 403 governmental and nonprofit entitiesQuestion 9-20: Comprehensive Set of Transactions.Transaction Fund/Activity Account TitleDebitCreditNo.1.GFEstimated revenues2,000,000Appropriations1,990,000Budgetary fund balance10,000(To record the adoption of the General Fund budget)2….
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