Question: What is the journal entry required when a township orders office supplies expected to cost $ 1000 Correct answer Debit encumbrance. $1000 Credit Reserved for

What is the journal entry required when a township orders office supplies expected to cost $ 1000
Correct answer
Debit encumbrance. $1000
Credit Reserved for encumbrance $ 1000
Actual question what if the actual invoice is $ 997.25. What entry/tries must be made.
(Government for not profit accounting)

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