Exercise 4-17 (Static) Part 3 Goods for which a purchase order had been placed at an estimated cost of $1.600 were received at an actual cost of $1.550. The journal entry in the General Fund to record the receipt of the goods will include a Mutiple Choice Debit to Encumbrances Outstanding for $1600 Credit to Vouchers Payable for $1,550 Debit to Expenditures for $1.550 All of the above are conect
Exercise 4-17 (Static) Part 3 Goods for which a purchase order had been placed at an estimated cost of $1.600 were received at an actual cost of $1.550. The journal entry in the General Fund to record the receipt of the goods will include a Mutiple Choice Debit to Encumbrances Outstanding for $1600 Credit to Vouchers Payable for $1,550 Debit to Expenditures for $1.550 All of the above are conect
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Exercise 4-17 (Static) Part 3
Goods for which a purchase order had been placed at an estimated cost of $1.600 were received at an actual cost of $1.550. The journal entry in the General Fund to
record the receipt of the goods will include a
Mutiple Choice
Debit to Encumbrances Outstanding for $1.600
Credit to Vouchers Payable for $1.550
Debit to Expenditures for $1,550
All of the above are conect
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