Question: QUESTION 2 The journal entry to record an encumbrance would indlude: O A A debit to Appropriations Control O B. A credit to Encumbrance Contro

QUESTION 2 The journal entry to record an encumbrance would indlude:

O A A debit to Appropriations Control O B. A credit to

Encumbrance Contro O C. A debit to Budgetary Fund Balance- Reserve for

Encumbrances O D. A credit to Budgetary Fund Balance - Reserve for

Encumbrances

QUESTION 2 The journal entry to record an encumbrance would indlude: O A A debit to Appropriations Control O B. A credit to Encumbrance Contro O C. A debit to Budgetary Fund Balance- Reserve for Encumbrances O D. A credit to Budgetary Fund Balance - Reserve for Encumbrances

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Bramble Corp. has the following balances in selected accounts on December 31, 2020. Accounts Receivable Accumulated Depreciation-Equipment $0 Equipment 6,000 Interest Payable 0 Notes Payable 10,100...

D Question 31 The journal entry to record an NSF check would require a O Debit to cash and a credit to accounts payable O Debit to cash and a credit to accounts receivable O Debit to accounts...

Question Completion Status: owned by the partner(s) who purchased the assets. co-owned by all partners. owned by the partners based on investment percentage. owned by the partnership QUESTION 47 The...

Mustang Company issued $100,000 of 10%, 10-year bonds at par. Each of the 100 bonds included five detachable stock warrants. Each warrant entitled the bondholder to purchase one share of common stock...

Please see the attached file and let me know if you can answer those questions. Quiz #5 1. Which of the following financial statement(s) reports both current and noncurrent assets and liabilities? A....

1. Which of the following would be classified as a general revenue? A. Parking meter fees. B. Special assessment charges for snow removal. C. Library fines. D. Fuel taxes earmarked for maintenance of...

The City of Castleton's General Fund had the following post-closing trial balance at June 30, 2022, the end of its fiscal year. Debits Credits Cash $ 358,000 Sales Taxes Receivable 15, eee Taxes...

Which of the statements regarding the accounting for encumbrances is false? O If the actual cost of a purchase exceeds the amount of the original encumbrance, the original encumbrance is still...

I need some help with my accounting homework I provide screenshots for my questions down below Question number 1 Select the term in the blank space beside the definition that it most closely...

Golden Lake Company's Ashley Waldon is continuing her analysis of the company's position and believe the company will need to borrow $35,000 in order to expand operations. They consult Rapid River...

The journal entry to record the encumbrance on February 3 would include a (A) debit to encumbrance for $40,000 (B) credit to encumbrance for $40,000 (C) debit to budgetary control for $40,000 (D)...

To find the zeros, we set y equal to 0 and solve for x. 0=x^(2)+9x-22

Figure P11.24 shows performance data for the Taco, Inc., model 4013 pump. Compute the ratios of measured shutoff head to the ideal value U2/g for all seven impeller sizes. Determine the average and...

In a Modigliani Miller world with corporate taxes, what happens to the cost of equity and cost of capital ( WACC ) when the debt to equity ratio increases?

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Are you repelled by touches from strangers? What about touches from people who are not your age (children or the elderly)? What about being touched by a colleague or a professorsomeone you have a...

A Does the piercing even matter? What type of message does the tongue stud send?

Have you ever taken an online or distance-learning course? Were you happy with the instruction and the amount of interaction? It is challenging to both present and respond nonverbally in courses...