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What journal entry should be made at the beginning of the fiscal year to reestablish the Encumbrances account of a capital projects fund for a

What journal entry should be made at the beginning of the fiscal year to reestablish the Encumbrances account of a capital projects fund for a multi-year capital project?

Debit encumbrances and credit encumbrances

Debit reserve for encumbrances and credit encumbrances

Debit encumbrances and credit fund balance

Debit encurmbrances and credit reserve for encumbrances

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