Goods ordered and originally encumbered at $7,500 were received with an invoice price of $7,700. In recording this event,
A) Encumbrances would be debited for $200.
B) Fund Balances--Assigned would be debited for $7,700.
C) Expenditures would be debited for $7,700.
D) Appropriations would be debited for $200.
Correct Answer:
Verified
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