What general fund journal entry should grand marais make, Accounting Basics

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What general fund journal entry should grand marais make

Grand Marais city's fiscal year ends on June 30. Jasper uses encumbrance accounting. On May 6, a purchase order was approved and issued for supplies in the amount of $5,000. Grand Marias received these supplies on June 2, and the $5,000 invoice was approved for payment.

What General Fund journal entry should Grand Marais make on May 6, to record the approved purchase order?

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Accounting Basics: What general fund journal entry should grand marais make

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Accounting Basics: What general fund journal entry should grand marais make

Reference No:- TGS062464

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Recent Questions Asked Accounting Basics

Q : Temporary difference taxable amount

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Q : Products price after the imposition of the tariff

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Q : What general fund journal entry should grand marais make

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Q : Compute working capital and current ratio

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What general fund journal entry should grand marais make

Reference No:- TGS062464

Recent Questions Asked Accounting Basics

Q : Temporary difference taxable amount

Q : Operating loss carryforward problem

Q : Products price after the imposition of the tariff

Q : Compute gdp using expenditure-income and value added

Q : What general fund journal entry should grand marais make

Q : Pretax accounting income

Q : Explain how human are satisfied in accursed house story

Q : Journalize the transactions

Q : Compute working capital and current ratio

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