[Para. 5-a-3] A $235 purchase order for advertisements soliciting bids for the Elm Street Project...

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Accounting

[Para. 5-a-3] A $235 purchase order for advertisements soliciting bids for the Elm Street Project was issued March 1, 2020. The bill for advertising in the amount of $230 was received March14, 2020 and a voucher for payment was issued.

Required: Record the encumbrance, billing, and the Vouchers Payable liability in the Street Improvement Fund and governmental activities journals, as appropriate.

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