Prepare the journal entry and identify the fund to record Simple City's purchase order of two trucks for $100,000. Identify the fund in which the entry is recorded.
What will be an ideal response?
In General fund:
| Encumbrances - Trucks | 100,000 | |
| Encumbrances outstanding | 100,000 | |
Business
You might also like to view...
The rules that make it possible for users of networks to communicate are called protocols
Indicate whether the statement is true or false
Business
An examination of differences across groups lies at the heart of the basic concept of ________
A) regression analysis B) discriminant analysis C) conjoint analysis D) factor analysis
Business
All forms of vertical marketing systems involve centralized ownership and control
Indicate whether the statement is true or false
Business
Reentry to one’s home country after an expatriate assignment is referred to as ______.
A. honeymoon B. culture shock C. repatriation D. retrieval
Business