A city's Parks Department has these two General Fund appropriations: Parks department salaries and Parks department other than salaries. All of the following transactions and events are applicable to calendar year 2021. 1. Salaries of $35,000 were paid in October 2021. 2. A purchase order for trees was placed at an estimated cost of $5,000. 3. The trees ordered in the previous transaction were received and accepted. The invoice was approved for payment. 4. The invoice received in the previous transaction was paid. 5. An invoice for $3,200 for November electricity services was approved for payment in early December 2021. 6. Parks Department employees worked during the last week of December 2021 and earned $20,000. They will be paid in early January 2022. 7. An invoice for $4,800 for December electricity services was received in early January 2022. Prepare the appropriate journal entries Enter 0 or leave the field blank if no entry is required. Account Credit Debit

A city's Parks Department has these two General Fund appropriations: Parks department salaries and Parks department other than salaries. All of the following transactions and events are applicable to calendar year 2021. 1. Salaries of $35,000 were paid in October 2021. 2. A purchase order for trees was placed at an estimated cost of $5,000. 3. The trees ordered in the previous transaction were received and accepted. The invoice was approved for payment. 4. The invoice received in the previous transaction was paid. 5. An invoice for $3,200 for November electricity services was approved for payment in early December 2021. 6. Parks Department employees worked during the last week of December 2021 and earned $20,000. They will be paid in early January 2022. 7. An invoice for $4,800 for December electricity services was received in early January 2022. Prepare the appropriate journal entries Enter 0 or leave the field blank if no entry is required. Account Credit Debit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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12-10
E12.18
Num.10
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