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The City of Grand Marais' Fiscal Year Ends on June

Question 36

Multiple Choice

The city of Grand Marais' fiscal year ends on June 30.Grand Marais uses encumbrance accounting.On May 6,a purchase order was approved and issued for supplies in the amount of $6,000.Grand Marais received these supplies on June 2,and the $6,000 invoice was approved for payment.What General Fund journal entry should Grand Marais make on May 6,to record the approved purchase order? The city of Grand Marais' fiscal year ends on June 30.Grand Marais uses encumbrance accounting.On May 6,a purchase order was approved and issued for supplies in the amount of $6,000.Grand Marais received these supplies on June 2,and the $6,000 invoice was approved for payment.What General Fund journal entry should Grand Marais make on May 6,to record the approved purchase order?   A) Choice A B) Choice B C) Choice C D) Choice D


A) Choice A
B) Choice B
C) Choice C
D) Choice D

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