Using the following information prepare all appropriate journal entries for years 1 and 2.

You are only required to create entries within the subaccount of “Education and training” you do not have to make any entries for corresponding accounts in other funds.

County regulations require all appropriations lapse at year end.

Year 1:

1. County appropriated 12K for training.

2. Consulting contracts worth 10K were signed

3. Consultants completed all work and billed 10K, which was paid.

4. Training materials of 1.8K were ordered but not received b year end.

Year 2:

1. County appropriated 13.5K for training

2. Training materials ordered in year 1 were received, the actual cost was 1.7K

3. Authorized contracts for 10.5K of training

4. After training was received, invoices for 10.8K were presented and paid in full.

Answer rating: 100% (QA)

1 1 County appropriated 12K for training Since this is an appropriation this means that this is an a... View the full answer