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Question 13 (2 points) Goods ordered and originally encumbered at $7,500 were received with an invoice price of $7,700. In recording this event, Expenditures
Question 13 (2 points) Goods ordered and originally encumbered at $7,500 were received with an invoice price of $7,700. In recording this event, Expenditures would be debited for $7,700. Appropriations would be debited for $200. Fund Balances--Assigned would be debited for $7,700. Encumbrances would be debited for $200.
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
