What journal entry should be made at the beginning of the fiscal year to reestablish...
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Accounting
What journal entry should be made at the beginning of the fiscal year to reestablish the Encumbrances account of a capital projects fund for a multi-year capital project?
| Debit encumbrances and credit encumbrances | ||
| Debit reserve for encumbrances and credit encumbrances | ||
| Debit encumbrances and credit fund balance | ||
| Debit encurmbrances and credit reserve for encumbrances |
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