Question
2 5.45 points a. Prepare all required journal entries for both fund and government-wide financial statements. (Select the appropriate fund for ea situation when
2 5.45 points a. Prepare all required journal entries for both fund and government-wide financial statements. (Select the appropriate fund for ea situation when required. If no entry is required for a transaction/event, select "No journal entry required" in the first account fie Transaction Fund/Activity Answer is not complete. General Journal 1. Purchase and payment made for computers in the government wide financial statements. 1 Debit Credit Record the receipt of computers and the accompanying liability. Computer 89,400 Vouchers payable 89,400 Expenditures computer 88,000 Record payment made. Vouchers payable Cash 89,400 89,400 2. Purchase and payment made for computers in the general fund. 2 General Fund Record the order placed for purchase of computer. Encumbrances - computer 88,000 Encumbrances outstanding 88,000
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