Question: A logat expression based on the theory that on cannot be bound by something that one cannot posnibly know is known as which of the

A logat expression based on the theory that on cannot be bound by something that one cannot posnibly know is known as which of the foliouing actual notice. statute of frauds. habendum clause. doctrine of constructive notice. The following events and transactions relate to the purchase and use of supplies inventory for Jedvilie Township: 1. On March 21, 2022, supplies were ordered at an estimated cost of $847,000. 2. Supplies were recelved on April 4,2022, and the actual cost of $851,000 was paid in cash. 3. On December 31,2022,$80,000 in supplies remain. (Assume there was no beginning balance) 4. On February 23, 2023, supplies were ordered at an estimated cost of $855,000. 5. Supplies were recelved on March 6,2023 , and the actual cost of $872,000 was paid in cash. 6. On December 31,2023,$60.000 in supplies remain. Required a. Prepare journal entries to record the inventory transactions in Jedville's General Fund using the consumption method of accounting for inventory. Record the year-end adjusting and closing entries wherever necessary. b. Prepare joumal entries to record the inventory transactions in Jedville's General Fund using the purchases method of accounting for inventory. Record the year-end adjusting and closing entries wherever necessary. c. Prepare journal entries to record the inventory transactions in Jedville's governmental activities ledger Record the year-end adjusting and closing entries wherever necessary, Close expenses to Net Position-Unrestricted
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