Accounting for expenditures. Prepare entries in the general fund for the following transactions that represent outflows of financial resources to the city of Cedar Creek in 2018: 1. Vouchers are prepared for the following items and amounts: 11eb5b63_58db_ecd0_bcf8_071cd5de1d80_SM1534_00 2. A transfer of $50,000 is made to the debt service fund. 3. There was no inventory of supplies at the start of the year. The inventory of supplies at yearend is $2,000.

Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

Edition 11ISBN: 978-0538480284

Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

Edition 11ISBN: 978-0538480284

Exercise 21

Accounting for expenditures. Prepare entries in the general fund for the following transactions that represent outflows of financial resources to the city of Cedar Creek in 2018:
1. Vouchers are prepared for the following items and amounts:

2. A transfer of $50,000 is made to the debt service fund.
3. There was no inventory of supplies at the start of the year. The inventory of supplies at yearend is $2,000.

Explanation

Verified

• Prepare voucher of $50,000 for the rep...