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Please hep me with these journal entries in a governmental accounting problem: Invoices of $260,000...

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Accounting

Please hep me with these journal entries in a governmental accounting problem:

Invoices of $260,000 are received, vouchered for payment and paid against encumbrances totaling $265,000

Encumbrances totaling $10,000 are canceled

Encumbrances of $20,000 remain open at year-end. The appropriation lapses but the purchase orders will be honored against the following year's appropriation.

Thank you!

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