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Prepare jornal entry: Cook County engaged in the following transactions during its fiscal year. (Do not be concerned with the type of fund balance (e.g.
Prepare jornal entry:
Cook County engaged in the following transactions during its fiscal year. (Do not be concerned with the type of fund balance (e.g. unrestricted, restricted, etc.) to which reserves for encumbrances is classified on the balance sheet.) 1. The County commissioners approved the current year budget. The budget includes total revenues of $860,000 and total appropriations of $900,000 2. The County clerk ordered office supplies for $25,000 3. The County incurred the following costs, paying them in cash Salaries Repairs Rent Utilities Other operating costs S 640,000 30,000 55,000 42,000 90,000 4. The County ordered equipment costing $9,000 5. The County received the equipment and was billed $8,800, rather than the $9,000 as anticipated 6. The County received the previously ordered supplies and was billed for the amount originally estimated. The County does not maintain an inventory account for supplies 7. The County earned and collected revenues of $936,000 Dollar Amounts Debit Journal Entries Account Names (be sure to indent vour credit accounts CreditStep by Step Solution
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