Question: 3. Goods for which a purchase order had been placed at an estimated cost of $1,600 were received at an actual cost of $1,550. The

3. Goods for which a purchase order had been placed at an estimated cost of $1,600 were received at an actual cost of $1,550. The journal entry in the General Fund to record the receipt of the goods will include a a. Debit to Encurnbrances Outstanding for $1,600. 5. Credit to Vouchers Payable for $1,550. 6. Debit to Expenditures for $1,550. d. All of the above are correct

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