Oceanview general fund


The town of oceanview budgeted $500,000 for the purchase of two fully equipped fire trucks during the fiscal year ended Dec 31 year 1. The town issued a purchase order for the acquisition of both trucks for a total ofr $480,000 on Feb 1 year 1 and accepted delivery of one of the trucks, valued at $280.000 on March 31, year 1. as a result of this delivery of one of the ordered vehicles, he town of oceanview general fund would record it journal entry as?

Request for Solution File

Ask an Expert for Answer!!
Managerial Accounting: Oceanview general fund
Reference No:- TGS083607

Expected delivery within 24 Hours