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Note: This Is a Kaplan CPA Review Question

Question 15

Multiple Choice

Note: This is a Kaplan CPA Review Question
Albee Township's fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, 20X5, an approved $1,000 purchase order was issued for supplies. Albee received these supplies on May 2, 20X5, and the $1,000 invoice was approved for payment. What journal entry should Albee make on April 5, 20X5, to record the approved purchase order? Note: This is a Kaplan CPA Review Question Albee Township's fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, 20X5, an approved $1,000 purchase order was issued for supplies. Albee received these supplies on May 2, 20X5, and the $1,000 invoice was approved for payment. What journal entry should Albee make on April 5, 20X5, to record the approved purchase order?   A)  Option A B)  Option B C)  Option C D)  Option D


A) Option A
B) Option B
C) Option C
D) Option D

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