Respuesta :
Answer:
The Journal entries are as follows:
(a) Government activities:
(i) Computer A/c Dr. $94,940
To Vouchers(or accounts) pay $94,940
(ii) vouchers(or accounts) pay A/c Dr. $94,940
To cash $94,940
(To record the payment)
**as a result of the purchase and payment, capital assets have gone up by the cost of the computer and cash has been reduced by the same amount
(b) General fund:
(i) Encumbrances control A/c Dr. $92,600
To Fund balance-reserved for encumbrances $92,600
(ii) Fund bal.-reserved for encumbrances A/c Dr. $92,600
To Encumbrances control $92,600
(iii) Expenditures control A/c Dr. $94,940
To vouchers payable $94,940
(iv) Vouchers Payable A/c Dr. $94,940
To Cash $94,940
Note:
On the statement of revenues, expenditures, and other changes in fund balance, an expenditure of $94,940 will be shown.
Cash will also decrease by that amount.
