On October 1, 2013, the City of Highland placed an order with Ajax Sand & Gravel Co.
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On October 1, 2013, the City of Highland placed an order with Ajax Sand & Gravel Co. for 1,000 tons of cinders to be spread upon Highland’s streets during winter storms. The estimated cost of the cinders was $ 10 per ton, delivered. Ajax delivered 800 tons of cinders to Highland’s road maintenance yard on October 20, along with an invoice for $ 8,000. Ajax delivered the remaining 200 tons of cinders on November 1, along with an invoice for $ 2,000. Prepare the General Fund journal entries necessary on October 1, October 20, and November 1, 2013. Classify the expenditures as Road maintenance.
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Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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