Question: Six new computers, for which the cost exceeded the city's capitalization threshold, were purchased for use in the city clerk's office using General Fund resources.
Six new computers, for which the cost exceeded the city's capitalization threshold, were purchased for use in the city clerk's office using General Fund resources. Which of the following entries would be required to completely record this transaction?Multiple ChoiceGeneral JournalDebitCreditGeneral Fund:Expenditures8,000Vouchers Payable8,000Governmental Activities:Expenses8,000Vouchers Payable8,000General JournalGeneral Fund:ExpendituresVouchers PayableDebit8,000Credit8,000General JournalGovernmental Activities:ExpensesVouchers PayableDebit8,000Credit8,000General JournalDebitCreditGeneral Fund:Expenditures8,000Vouchers Payable8,000Governmental Activities:Equipment8,0008,000
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