The Water Utility (an enterprise fund) has just sent out a purchase order to a vendor for some new equipment. Which of the following would be included in the journal entry to record this event?
A. A debit to Encumbrances.
B. A debit to Expenditures.
C. A credit to Accounts Payable.
D. None of the above.
Answer: D
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Indicate whether the statement is true or false
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What will be an ideal response?
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