Four new computers, for which the cost exceeded the city’s capitalization threshold, were purchased for use in the city clerk’s office using General Fund resources. Which of the following entries would be required to completely record this transaction? Multiple Choice General Journal Debit Credit General Fund: Expenditures 8,000 Vouchers Payable 8,000 General Journal Debit Credit Governmental Activities: Expenses 8,000 Vouchers Payable 8,000 General Journal Debit Credit General Fund: Expenditures 8,000 Vouchers Payable 8,000 Governmental Activities: Expenses 8,000 Vouchers Payable 8,000 General Journal Debit Credit General Fund: Expenditures 8,000 Vouchers Payable 8,000 Governmental Activities: Equipment 8,000 Vouchers Payable 8,000
Ch5
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Four new computers, for which the cost exceeded the city’s capitalization threshold, were purchased for use in the city clerk’s office using General Fund resources. Which of the following entries would be required to completely record this transaction?
Multiple Choice
General Journal Debit Credit
General Fund:
Expenditures 8,000
Vouchers Payable 8,000
General Journal Debit Credit
Governmental Activities:
Expenses 8,000
Vouchers Payable 8,000
General Journal Debit Credit
General Fund:
Expenditures 8,000
Vouchers Payable 8,000
Governmental Activities:
Expenses 8,000
Vouchers Payable 8,000
General Journal Debit Credit
General Fund:
Expenditures 8,000
Vouchers Payable 8,000
Governmental Activities:
Equipment 8,000
Vouchers Payable 8,000
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