Question: Purchase orders for items ordered by the General Fund totaled $ 2 0 5 , 0 0 0 . Upon receipt, invoices for these items

Purchase orders for items ordered by the General Fund totaled $ 205,000. Upon receipt, invoices for these items totaled $200,000. Which of the following will take place on the date the goods are received.
Multiple Choice
An encumbrance is debited for $205,000.
Budgetary Fund BalanceReserve for Encumbrances is credited for $200,000.
An expenditure is credited for $205,000.
A liability is credited for $200,000.

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