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dr cr Fund balance unassigned $5,000,000 Encumbrances $5,000,000 The above journal entry attempts to: Record an adjusting entry Close the encumbrances account Close the Fund
|
| dr | cr |
| Fund balance unassigned | $5,000,000 |
|
| Encumbrances |
| $5,000,000 |
The above journal entry attempts to:
- Record an adjusting entry
- Close the encumbrances account
- Close the Fund Balance
- add the encumbrance account
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Modern Auditing
Authors: William C. Boynton, Walter G. Kell, Raymond N. Johnson, Dr William Boynton
7th Edition
047118909X, 978-0471189091
