Elm City issued a purchase order for supplies with an estimated cost of $5,000.When the supplies were received,the accompanying invoice indicated an actual price of $4,950.What amount should Elm debit (credit)to the budgetary fund balance account after the supplies and invoice were received?

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The Answer of Elm City issued a purchase order for supplies with an estimated cost of $5,000.When the supplies were received,the accompanying invoice indicated an actual price of $4,950.What amount should Elm debit (credit)to the budgetary fund balance account after the supplies and invoice were received?

Elm City Issued a Purchase Order for Supplies with an Estimated