Record the following transactions in the expenditure subsidiary


Question Description:

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Record the following transactions in the expenditure subsidiary ledger account template provided below: a) Council approves an appropriation of $30,000 for the public works department. b) Issuance of purchase orders of $3,500 for supplies. c) Issuance of a purchase order of $2,000 for equipment. d) Payment of salaries of $20,000. e) Offices supplies ordered in b) above are received at an actual cost of $3,600. Expenditure Subsidiary Ledger Public Works Item Dr. Encumbrances Dr. Expenditures Cr. Appropriations Cr. (Dr.) Unencumbered Balance (This is running total) a) b) c) d) e)

Answer

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