Note: This is a Kaplan CPA Review Question
Albee Township's fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, 20X5, an approved $1,000 purchase order was issued for supplies. Albee received these supplies on May 2, 20X5, and the $1,000 invoice was approved for payment. What journal entry should Albee make on April 5, 20X5, to record the approved purchase order?
A) Option A
B) Option B
C) Option C
D) Option D

Question

Note: This is a Kaplan CPA Review Question
Albee Township's fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, 20X5, an approved $1,000 purchase order was issued for supplies. Albee received these supplies on May 2, 20X5, and the $1,000 invoice was approved for payment. What journal entry should Albee make on April 5, 20X5, to record the approved purchase order? 
A) Option A 
B) Option B 
C) Option C 
D) Option D

Quizplus · Accepted Answer

The Answer of Note: This is a Kaplan CPA Review Question
Albee Township's fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, 20X5, an approved $1,000 purchase order was issued for supplies. Albee received these supplies on May 2, 20X5, and the $1,000 invoice was approved for payment. What journal entry should Albee make on April 5, 20X5, to record the approved purchase order? 
A) Option A 
B) Option B 
C) Option C 
D) Option D

Note: This Is a Kaplan CPA Review Question