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The Khoo Music Society,a Not-For-Profit Organization,is Purchasing Musical Instruments to Donate

Question 2

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The Khoo Music Society,a not-for-profit organization,is purchasing musical instruments to donate to some local schools.Khoo ordered the instruments on August 1,20X1.Khoo uses an encumbrance system.What journal entry should Khoo make at August 1,20X1?


A) The Khoo Music Society,a not-for-profit organization,is purchasing musical instruments to donate to some local schools.Khoo ordered the instruments on August 1,20X1.Khoo uses an encumbrance system.What journal entry should Khoo make at August 1,20X1? A)    B)    C)    D)
B) The Khoo Music Society,a not-for-profit organization,is purchasing musical instruments to donate to some local schools.Khoo ordered the instruments on August 1,20X1.Khoo uses an encumbrance system.What journal entry should Khoo make at August 1,20X1? A)    B)    C)    D)
C) The Khoo Music Society,a not-for-profit organization,is purchasing musical instruments to donate to some local schools.Khoo ordered the instruments on August 1,20X1.Khoo uses an encumbrance system.What journal entry should Khoo make at August 1,20X1? A)    B)    C)    D)
D) The Khoo Music Society,a not-for-profit organization,is purchasing musical instruments to donate to some local schools.Khoo ordered the instruments on August 1,20X1.Khoo uses an encumbrance system.What journal entry should Khoo make at August 1,20X1? A)    B)    C)    D)

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