2 88 Ints Exercise 3-23 (Algo) Recording encumbrances [LO 3-5] During the month of July, the Town of Lynton recorded the following information related to purchases: General government Amount of Purchase Order $ 557,000 $ 497,000 Actual Cost Skipped Public safety Public works Culture and recreation Total purchase orders and invoices 742,200 961,845 61,270 $2,322,315 727,013 470,480 61,320 $1,755,813 eBook References At the end of the month, several purchase orders remained outstanding for all functions except Culture and Recreation. Public Works in particular had a large amount of purchase orders outstanding because it had put in an order for delivery of paving materials to be delivered over the months of July and August. For all but Culture and Recreation, consider the amounts for purchase orders received the same as the actual cost of the items. Required a. (1) Prepare the general journal entry to record the issuance of the purchase orders. (2) Show entries in subsidiary ledger accounts. b. (1) Prepare the general journal entries to record the receipt of the goods ordered at the actual cost shown and the related payable. (2) Show entries for the subsidiary ledger accounts. Complete this question by entering your answers in the tabs below. Req a1 Req a2 Req b1 Req b2 Prepare the general journal entry to record the issuance of the purchase orders. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A Record the issuance of the purchase orders and contracts. Note: Enter debits before credits. Event 1. General Journal Debit Credit Record entry Clear entry View general journal < Req a1 Req a2 > Complete this question by entering your answers in the tabs below. Req a1 Req a2 Req b1 Req b2 Show entries in subsidiary ledger accounts. TOWN OF LYNTON Encumbrances Ledger Encumbrances Encumbrances Encumbrances Account/Description Increase Dr Decrease Cr Balance Dr(Cr) General Government Public Safety Public Works Culture and Recreation < Req a1 Req b1 > Req a1 Req a2 Req b1 Req b2 Prepare the general journal entries to record the receipt of the goods ordered at the actual cost shown and the related payable. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < A B Record the expending of appropriations. Note: Enter debits before credits. Event 1. General Journal Debit Credit Record entry Clear entry View general journal < Req a2 Req b2 > > Complete this question by entering your answers in the tabs below. Req a1 Req a2 Req b1 Req b2 Show entries for the subsidiary ledger accounts. TOWN OF LYNTON Encumbrances Ledger Encumbrances Account/Description Increase Dr General Government Public Safety Public Works Culture and Recreation Encumbrances Encumbrances Decrease Cr Balance Dr(Cr) TOWN OF LYNTON Expenditures Ledger Account/Description Expenditures Dr(Cr) Expenditures Balance Dr(Cr) Balance Cr(Dr) General Government Public Safety Public Works Culture and Recreation < Req b1 Req b2 >