A village ordered supplies for its Fire Department at an estimated cost of $ 16,700. The supplies
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A village ordered supplies for its Fire Department at an estimated cost of $ 16,700. The supplies were received with an invoice for $ 16,800. The village accepted the shipment and the invoice. Prepare journal entries to record these transactions in the General Fund.
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Encumbrances 16700 Budgetary fund balance reserved for encumbrances 16700 To record encumbrance ...View the full answer
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Related Book For 
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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