Cher The City of Batavia ordered new computer equipment for $26.000 on November 3, 20x2. The equipment had not been receved by December 31, 20X2. Batavia's fiscal year-end Required: a. Assume that the city has a policy that outstanding encumbrances lapse at year end of no entry is required for a transaction event, select "No journal entry required" in the first account field.) () Prepare the entry to record the encumbrance on November 3, 20X2 (2) Prepare the entries required on December 31 20X2 31 Assuming that the city council accepts outstanding encumbrances in its budpet for the next fiscal period 20X, prepare entities on January 1 20x3 (9) Prepare entries on January 18, 20x3 when the equipment was received with an invoice cost of $26.650 and accepted by the city (5) Prepare the entry on December 31, 20X3, to close me expenditures account View transactionist Journal entry worksheet Record the entry for the equipment order and encumbrances in 20x2. Not Enter det bare credits b. Assume the city's policy is that outstanding encumbrances are nonlapsing of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) (1) Prepare the entry to record the encumbrance on November 3, 20X2 (2) Prepare the entries required on December 31, 20x2. (3) Prepare the entry on January 1, 20X3. to classify the expenditure in 20x2, the year the encumbrance was initiated (4) Prepare the entry on January 18, 20X3, when the equipment was received for $26,650 The City Council approved the additional $650 equipment cost as an addition to 20X3's expenditures (5) Prepare the entries on December 31, 2023, to close the expenditures accounts View transaction list ransactions Journal entry worksheet Record the entry for the equipment order and encumbrances in 20x2. Note: Enter detits before credits c Now assume the city has a policy that outstanding encumbrances are nonlapsing, but the 20x3 City Council decided during its budget hearings for 20X3, not to accept the encumbrance for the computer equipment that had been ordered on November 3, 20X2 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) (1) Prepare the entry required on January 1, 20x3, to cancel the encumbrance reserve for the equipment ordered on November 3. 20X2 View transaction list Journal entry worksheet 1 > Record the entry to cancel the 20x2 order for equipment Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Cher The City of Batavia ordered new computer equipment for $26.000 on November 3, 20x2. The equipment had not been receved by December 31, 20X2. Batavia's fiscal year-end Required: a. Assume that the city has a policy that outstanding encumbrances lapse at year end of no entry is required for a transaction event, select "No journal entry required" in the first account field.) () Prepare the entry to record the encumbrance on November 3, 20X2 (2) Prepare the entries required on December 31 20X2 31 Assuming that the city council accepts outstanding encumbrances in its budpet for the next fiscal period 20X, prepare entities on January 1 20x3 (9) Prepare entries on January 18, 20x3 when the equipment was received with an invoice cost of $26.650 and accepted by the city (5) Prepare the entry on December 31, 20X3, to close me expenditures account View transactionist Journal entry worksheet Record the entry for the equipment order and encumbrances in 20x2. Not Enter det bare credits b. Assume the city's policy is that outstanding encumbrances are nonlapsing of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) (1) Prepare the entry to record the encumbrance on November 3, 20X2 (2) Prepare the entries required on December 31, 20x2. (3) Prepare the entry on January 1, 20X3. to classify the expenditure in 20x2, the year the encumbrance was initiated (4) Prepare the entry on January 18, 20X3, when the equipment was received for $26,650 The City Council approved the additional $650 equipment cost as an addition to 20X3's expenditures (5) Prepare the entries on December 31, 2023, to close the expenditures accounts View transaction list ransactions Journal entry worksheet Record the entry for the equipment order and encumbrances in 20x2. Note: Enter detits before credits c Now assume the city has a policy that outstanding encumbrances are nonlapsing, but the 20x3 City Council decided during its budget hearings for 20X3, not to accept the encumbrance for the computer equipment that had been ordered on November 3, 20X2 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) (1) Prepare the entry required on January 1, 20x3, to cancel the encumbrance reserve for the equipment ordered on November 3. 20X2 View transaction list Journal entry worksheet 1 > Record the entry to cancel the 20x2 order for equipment Note: Enter debits before credits. Date General Journal Debit Credit Jan 01