The city is entitled to receive a grant of up to $500,000 from the Federal Government for a social program. Under the grant, the city is to be reimbursed for expenditures incurred on the program. During the year, expenditures on the program totaled $450,000. Prepare the entry for the expenditures first (they were not encumbered)

Answer rating: 100% (QA)

Journal Entry for Social Program Expenditures Since the ... View the full answer