Goods Ordered and Originally Encumbered at $7,500 Were Received with an Invoice

question 72

Multiple Choice

Goods ordered and originally encumbered at $7,500 were received with an invoice price of $7,700. In recording this event,

• A)Encumbrances would be debited for $200.
• B)Fund Balances--Assigned would be debited for $7,500.
• C)Expenditures would be debited for $7,500.
• D)Appropriations would be debited for $200.

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