Reference no: EM13140303
A city received supplies that had been previously encumbered. The supplies were encumbered for $5,000 and had an actual cost of $4,900. To recognize this event the county should make which of the following entries?
a) Debit Reserve for Encumbrances $5,000 and Supplies $4,900; Credit Encumbrances $5,000 and Vouchers Payable $4,900.
b) Debit Encumbrances $5,000 and Supplies $4,900; Credit Reserve for Encumbrances $5,000 and Vouchers Payable $4,900.
c) Debit Reserve for Encumbrances $4,900 and Supplies $4,900; Credit Encumbrances $4,900 and Vouchers Payable $4,900.
d) Debit Encumbrances $4,900 and Supplies $4,900; Credit Reserve for Encumbrances $4,900 and Vouchers Payable $4,900.
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: A city received supplies that had been previously encumbered. The supplies were encumbered for $5,000 and had an actual cost of $4,900. To recognize this event the county should make which of the following entries?
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