Carson Citys general fund issued purchase orders of $630,000 to vendors for supplies. Which of the following
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Carson City’s general fund issued purchase orders of $630,000 to vendors for supplies. Which of the following entries should the city make to record this transaction?
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Debit Credit Q. ENCUMBRANCES 630,000 BUDGETARY FUND BALANCE-ASSIGNED FOR ENCUMBRANCES 630,000 b. Expenditures 630.000 Vouchers Payable 630,000 C. Expenses 630.000 Accounts Payable 630,000 d BUDGETARY FUND BALANCE-ASSIGNED FOR ENCUMBRANCES 630.000 ENCUMBRANCES 630,000
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Related Book For
Advanced Financial Accounting
ISBN: 9781260165111
12th Edition
Authors: Theodore Christensen, David Cottrell, Cassy Budd
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