Question
During fiscal year 2017, the Town of Tonawanda issued purchase orders to various vendors in the amounts shown for the following functions of the town:
During fiscal year 2017, the Town of Tonawanda issued purchase orders to various vendors in the amounts shown for the following functions of the town:
General Government $ 82,500
Public Safety 148,700
Public Works 130,400
Culture and Recreation 97,300
Health and Welfare 94,800
Miscellaneous 14,200
Total $ 567,900
All goods ordered during the year were received at the following actual costs:
General Government $ 83,720
Public Safety 147,940
Public Works 131,140
Culture and Recreation 98,780
Health and Welfare 93,970
Miscellaneous 14,300
Total $ 569,850
a. Prepare a summary journal entry in the General Fund general journal to record the issuance of purchase orders during fiscal year 2017. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
1. Record the issuance of purchase orders during fiscal year 2017.
B. Prepare a summary journal entry in the General Fund general journal to record the issuance of purchase orders during fiscal year 2017. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
1.Record the receipt of goods during fiscal year 2017.
2. Record the payment for goods during fiscal year 2017
My options
No Journal Entry Required
Culture and Recreation
Encumbrances
Encumbrances Outstanding
Expenditures
General Government
Health and Welfare
Miscellaneous
Public Safety
Public Works
Vouchers Payable
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