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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

FINANCIAL ACCOUNTING
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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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 < Prev 2 of 20 Next >
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 < Prev 2 of 20 Next >
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