city nas the following Purchase Order Billed Amount Amount $ 550,000 Transportation Public safety 735,200 954,845 54,270 490,000 720,013 463, 480 Libraries Parks 54,320 Total purchase orders and invoices $2,294,315 $1,727,813 All orders are partially filled, except for the order of Parks, which is completed. Required Prepare general journal entries for the following transactions: a. The issuance of the purchase orders. b. Orders are received and billed.

city nas the following Purchase Order Billed Amount Amount $ 550,000 Transportation Public safety 735,200 954,845 54,270 490,000 720,013 463, 480 Libraries Parks 54,320 Total purchase orders and invoices $2,294,315 $1,727,813 All orders are partially filled, except for the order of Parks, which is completed. Required Prepare general journal entries for the following transactions: a. The issuance of the purchase orders. b. Orders are received and billed.

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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Question

Please show work as well, thanks!

A city has the following information.
Purchase
Order
Billed
Amount
Amount
Transportation
Public safety
550,000
735,200
954,845
54,270
490,000
720,013
463, 480
54,320
Libraries
Parks
Total purchase orders and invoices $2,294,315 $1,727,813
All orders are partially filled, except for the order of Parks, which is completed.
Required
Prepare general journal entries for the following transactions:
a. The issuance of the purchase orders.
b. Orders are received and billed.

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