The Village of Naples has $18,000 of purchase orders outstanding at the end of 2011 which will be honored.The goods and supplies were received during the second week of January,2012.The invoice amounted to $18,600.
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 $18,000 of purchase orders outstanding at the end of 2011 which will be honored.The goods and supplies were received during the second week of January,2012.The invoice amounted to $18,600.
What are the journal entries necessary to re-establish the encumbrance and record receipt of the supplies?

The Village of Naples Has $18,000 of Purchase Orders Outstanding