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Durlng the month of July, the Town of Lynton recorded the following Information related to purchases: At the end of the month, several purchase orders
Durlng the month of July, the Town of Lynton recorded the following Information related to purchases: At the end of the month, several purchase orders remalned outstanding for all functlons except Culture and Recreation. Public Works In partlcular had a large amount of purchase orders outstanding because It had put In an order for delivery of paving materlals to be dellvered over the months of July and August. For all but Culture and Recreation, consider the amounts for purchase orders recelved 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 entrles In subsidary ledger accounts. b. (1) Prepare the general journal entrles to record the recelpt of the goods ordered at the actual cost shown and the related payable. (2) Show entrles for the subsidiary ledger accounts. Answer is not complete. Complete this question by entering your answers in the tabs below. 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.)
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