Question
Ben City issued a purchase order on 05/10/19 for supplies with an estimated cost of $8100. An Encumbrance of $8100 was recorded at that
Ben City issued a purchase order on 05/10/19 for supplies with an estimated cost of $8100. An Encumbrance of $8100 was recorded at that time. When the supplies and accompanying invoice were received on 08/13/19, the invoice indicated a $9600 actual price. For what amount should Ben City credit ENCUMBRANCES on 08/13/19?
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
538480289, 978-0538480284
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