In February,X City Ordered $500,000 of Supplies

Multiple Choice

In February,X City ordered $500,000 of supplies.On March 17^th it received all of the ordered supplies and an invoice of $492,000.Which of the following would be recorded upon receipt of the supplies and invoice?

A) Debit Encumbrances Control for $500,000.
B) Debit Budgetary Fund Balance -- Reserve for Encumbrances for $492,000.
C) Debit Encumbrances Control for $492,000.
D) Debit Budgetary Fund Balance -- Reserve for Encumbrances for $500,000.