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Record the necessary journal entries

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Question - The City of Highland Park reported appropriations in the amount of $17,000,000 for its General Fund for the fiscal year ended December 31, 2020. During that year, expenditures amounted to $16,200,000 related to current year purchase orders that have arrived and timely paid. In addition, $600,000 of encumbrances that had been issued the year, have not yet arrived. Record the necessary journal entries related to the encumbrances and expenditures.

Reference no: EM132816899

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