During the first month of its fiscal year, the City of Jackson Hole issued the following purchase orders and contracts: General government$50,000 Public safety 200,000 Public works 75,000 Health and welfare 65,000 Miscellaneous 5,000 Total$395,000 Show the summary general journal entry to record the issuance of the purchase orders and contracts. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
What will be an ideal response?
CITY OF JACKSON HOLE-JOURNAL ENTRIES
GENERAL LEDGER
| Debits | Credits |
| ENCUMBRANCES | 395,000 |
| ENCUMBRANCES OUTSTANDING | 395,000 |
Business
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