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Four New Computers,for Which the Cost Exceeded the City's Capitalization

Question 45

Multiple Choice

Four new computers,for which the cost exceeded the city's capitalization threshold,were purchased for use in the city clerk's office using General Fund resources.Which of the following entries would be required to completely record this transaction?


A) General Fund: Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Vouchers Payable . . . . . . . . . . . . . . . . . . . . . . . . 8,000
B) Governmental Activities: Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Vouchers Payable . . . . . . . . . . . . . . . . . . . . . . . . 8,000
C) General Fund: Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Vouchers Payable . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Governmental Activities:
Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Vouchers Payable . . . . . . . . . . . . . . . . . . . . . . . . 8,000
D) General Fund: Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Vouchers Payable . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Governmental Activities:
Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Vouchers Payable . . . . . . . . . . . . . . . . . . . . . . . . 8,000

Correct Answer:

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