Solved

During January 2020 General Fund Supplies Ordered in the Previous

Question 45

Multiple Choice

During January 2020 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 were received at an actual cost of $2,200. The entry to record this transaction will require a debit to:


A) Expenditures-2020 in the amount of $2,200.
B) Expenditures-2019 in the amount of $200.
C) Expenditures-2020 in the amount of $200.
D) Expenditures-2019 in the amount of $2,200.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions