purchase order for $$3,000$ is recorded in the general fund for the purchase of a new computer. The computer is received at an actual cost of $$3,020.$ Which of the following is correct? Machinery is increased in the general fund by $$3,020.$An expenditure is increased by $$3,020.$An encumbrance account is reduced by $$3,020.$ An expenditure is recorded for the additional $$20.$Previous PageNext