Question: A city orders a new computer for its General Fund at an anticipated cost of $88,000. Its actual cost when received is $89,400. Payment is

A city orders a new computer for its General Fund at an anticipated cost of $88,000. Its actual cost when received is $89,400. Payment is subsequently made.

Prepare all required journal entries for both fund and government-wide financial statements.

1. Record the receipt of computers and the accompanying liability Governmental Activities

2.Record payment made - Governmental Activities

3.Record payment made for computers - General Fund.

4.Record entry to remove encumbrance for computers that has now been received - General Fund.

5.Record the receipt of computers and the accompanying liability - General Fund.

6.Record payment made - General Fund.

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