The journal entry to record the re-establishment of encumbrances that were outstanding at the close of the prior period would include:

Question

Quizplus · Accepted Answer

The re-establishment of encumbrances that were outstanding at the close of the prior period would require a debit to Encumbrance Control to increase the balance of encumbrances and a credit to Fund Balance to increase the balance of unencumbered fund balance.

The Journal Entry to Record the Re-Establishment of Encumbrances That