E3-10(Encumbrance journal entries)A village ordered supplies for its Fire Department at an estimated cost of...
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Accounting
E3-10(Encumbrance journal entries)A village ordered supplies for its Fire Department at an estimated cost of $16,700. The supplies were received with an invoice for $16,800. The village accepted the shipment and the invoice. Prepare journal entries to record these transactions in the General Fund.Note: Credit Vouchers payable when the expenditure is recorded; classify the expenditure as Public safety.
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