Question: purchase order for $ 3 , 0 0 0 is recorded in the general fund for the purchase of a new computer. The computer is

purchase order for $3,000 is recorded in the general fund for the purchase of a new computer. The computer is received at an actual cost of $3,020. Which of the following is correct? Machinery is increased in the general fund by $3,020.An expenditure is increased by $3,020.An encumbrance account is reduced by $3,020. An expenditure is recorded for the additional $20.Previous PageNext

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