The Village of Naples has $15,000 of purchase orders outstanding at the end of 2008 which will be honored. The goods and supplies were received during the second week of January, 2009. The invoice amounted to $15,300
What are the journal entries necessary to re-establish the encumbrance and record receipt of the supplies?

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The Answer of The Village of Naples has $15,000 of purchase orders outstanding at the end of 2008 which will be honored. The goods and supplies were received during the second week of January, 2009. The invoice amounted to $15,300
What are the journal entries necessary to re-establish the encumbrance and record receipt of the supplies?

The Village of Naples Has $15,000 of Purchase Orders Outstanding