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Record the appropriate journal entry using encumbrance accounting: 1. Invoices against prior year encumbrances for $14,000 were received and paid. 2. Property taxes of $10,000
Record the appropriate journal entry using encumbrance accounting:
1. Invoices against prior year encumbrances for $14,000 were received and paid.
2. Property taxes of $10,000 were written off.
3. Federal grant of $430,000 was received.
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