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?

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?
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?

Quizplus · Accepted Answer

The Answer of 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?

Albee Township's Fiscal Year Ends on June 30