Question: The December 31, 2012, balance sheet for the general fund of Burnville showed an assigned fund balance of $1,900,000 for outstanding encumbrances. This figure represented

The December 31, 2012, balance sheet for the general fund of Burnville showed an assigned fund balance of $1,900,000 for outstanding encumbrances. This figure represented $1,100,000 encumbered for office equipment and $800,000 for supplies. Early in 2013, the equipment and supplies were delivered and bills received for $1,170,000 and $795,000, respectively.
Required
Prepare the journal entries for 2013 relating to these events, using the
a. Legal budgetary basis.
b. GAAP budgetary basis.

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