Short Answer
______ Albee Township's fiscal year ends on June 30. Albee uses encumbrances accounting. On 4/5/06, an approved $1,000 purchase order was issued for supplies. Albee received these supplies 5/2/06, and the $1,000 invoice was approved for payment. What journal entry or entries should Albee make on 5/2/06 upon receipt of the supplies and approval of the invoice?
Correct Answer:

Verified
Correct Answer:
Verified
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