Exercise 3-23 (Static) Recording encumbrances [LO 3-5] During the month of July, the Town of Lynton recorded the following information related to purchases: Amount of Purchase General government Public safety Public works Culture and recreation Order Actual Cost $550,000 $ 490,000. 735, 200 720,013 94,845 463,480 54,270 54,320 Total purchase orders and invoices $2,294,315 $1,727,813 At the end of the month, several purchase orders remained outstanding for all functions except Culture and Recreation. Public Works in particular had a large amount of purchase orders outstanding because it had put in an order for delivery of paving materials to be delivered over the months of July and August. For all but Culture and Recreation, consider the amounts for purchase orders received 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 entries in subsidiary leuger accounts. b. (1) Prepare the general journal entries to record the receipt of the goods ordered at the actual cost shown and the related payable. (2) Show entries for the subsidiary ledger accounts. Complete this question by entering your answers in the tabs below. Req al Req a2 Req b1 Req b2 Prepare the general journal entry to record the issuance of the purchase orders. (If no entry is required for a transaction/event, "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of the purchase orders and contracts. Note: Enter debits before credits. Event 1 General Journal Debit Credit Complete this question by entering your answers in the tabs below. Req al Req a2 Req bi Req b2 Show entries in subsidiary ledger accounts. Encumbrances TOWN OF LYNTON Encumbrances Ledger Encumbrances Encumbrances Account/Description Increase Dr Decrease Cr BalanceDr(Cr) General Government Public Safety Public Works Culture and Recreation Req al Req a2 Req bi Req b2 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.) View transaction list Journal entry worksheet A B Record the expending of appropriations. Note: Enter debits before credits. Eve 1. General Journal Debit Credit Req al Req a2 Req DI Show entries for the subsidiary ledger accounts. TOWN OF LYNTON Encumbrances Ledger Encumbrances Encumbrances Encumbrances Account/Description Increase Dr Decrease Cr Balance Dr(Cr) General Government Public Safety Public Works Culture and Recreation Account/Description General Government Public Safety Public Works Culture and Recreation TOWN OF LYNTON Expenditures Ledger Expenditures Dr(Cr) Expenditures Balance Dr(Cr) Balance Cr(Dr)