______ Albee Township's fiscal year ends on June 30. Albee uses encumbrances accounting. On 4/5/06, an approved $1,000 purchase order was issued for supplies. Albee received these supplies 5/2/06, and the $1,000 invoice was approved for payment. What journal entry or entries should Albee make on 5/2/06 upon receipt of the supplies and approval of the invoice?

Question

______ Albee Township's fiscal year ends on June 30. Albee uses encumbrances accounting. On 4/5/06, an approved $1,000 purchase order was issued for supplies. Albee received these supplies 5/2/06, and the $1,000 invoice was approved for payment. What journal entry or entries should Albee make on 5/2/06 upon receipt of the supplies and approval of the invoice?
______ Albee Township's fiscal year ends on June 30. Albee uses encumbrances accounting. On 4/5/06, an approved $1,000 purchase order was issued for supplies. Albee received these supplies 5/2/06, and the $1,000 invoice was approved for payment. What journal entry or entries should Albee make on 5/2/06 upon receipt of the supplies and approval of the invoice?

Quizplus · Accepted Answer

The Answer of ______ Albee Township's fiscal year ends on June 30. Albee uses encumbrances accounting. On 4/5/06, an approved $1,000 purchase order was issued for supplies. Albee received these supplies 5/2/06, and the $1,000 invoice was approved for payment. What journal entry or entries should Albee make on 5/2/06 upon receipt of the supplies and approval of the invoice?

______ Albee Township's Fiscal Year Ends on June 30