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The Following Schedule Shows the Amounts Related to Supplies That

Question 49

Essay

The following schedule shows the amounts related to supplies that the City of Pascal debited and Credited to the indicated accounts during the year (not necessarily year-end balances), before closing entries. The city records its budget, encumbers all of its expenditures, and initially vouchers all payments. All revenue was collected in cash.
REQUIRED:
Some information is missing in the schedule below. Determine the missing data by reconstructing (in summary) the journal entries the city must have made during the year. The following schedule shows the amounts related to supplies that the City of Pascal debited and Credited to the indicated accounts during the year (not necessarily year-end balances), before closing entries. The city records its budget, encumbers all of its expenditures, and initially vouchers all payments. All revenue was collected in cash. REQUIRED: Some information is missing in the schedule below. Determine the missing data by reconstructing (in summary) the journal entries the city must have made during the year.

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