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1. A state university contracts for repair services that it estimates will cost $8,000 What is the accounting entry for the encumber? (2.5 Points) Enter
1. A state university contracts for repair services that it estimates will cost $8,000 What is the accounting entry for the encumber? (2.5 Points) Enter your answer 2. The repairs are completed and, as anticipated, the university is billed for $5,000 What is the accounting entry for the expenditure? * (2.5 Points) Enter your answer 3. what is the outstanding entry for the amount of commitment un-spent (2.5 Points) Enter your answer or 4. what is the closing entry would be for the expenditures and encumbrances? * (2.5 Points) Enter your
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