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When Snowdrop City receives goods at a cost of $9 , encumbered in the prior year for $10,000 , which of required (assume that encumbrances

When Snowdrop City receives goods at a cost of

$9

, encumbered in the prior year for

$10,000

, which of required (assume that encumbrances lapse at year e\ Debit Expenditures

$9,700

; Credit Accounts payable

$

Encumbrances.\ Debit Expenditures

$9,700

and Reserve for encumbrar payable

$9,700

and Encumbrances

$10,000

.\ Debit Expenditures

$10,000

and Reserve for encumbr Accounts payable

$10,000

and Encumbrances

$10,00

\ Debit Reserve for encumbrances

$10,000

; Credit Enci for Expenditures.

image text in transcribed

When Snowdrop City receives goods at a cost of $9, encumbered in the prior year for $10,000, which of required (assume that encumbrances lapse at year e O Debit Expenditures $9,700; Credit Accounts payable $ Encumbrances. O Debit Expenditures $9,700 and Reserve for encumbrar payable $9,700 and Encumbrances $10,000. O Debit Expenditures $10,000 and Reserve for encumbr Accounts payable $10,000 and Encumbrances $10,00 O Debit Reserve for encumbrances $10,000; Credit Enc for Expenditures.

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