A Construction Contract Was Issued for an Addition to the County

question 129

Multiple Choice

A construction contract was issued for an addition to the county jail in the amount of $2,100,000.When the project was approximately half finished,the contractor submitted an invoice for payment of $1,050,000.Which partial entry below is not required to record this transaction?

• A) Credit Contracts Payable $1,050,000.
• B) Debit Construction Expenditures $1,050,000.
• C) Credit Encumbrances Control $2,100,000.
• D) Credit Encumbrances Control $1,050,000.

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Definitions:

Toe Test

A method to assess flexibility or balance by reaching towards or touching the toes without bending the knees.

Exercise Shoes

Specially designed footwear that provides support, stability, and cushioning to reduce the risk of injuries during physical activities.

Physical Activity

Any bodily movement produced by skeletal muscles that require energy expenditure, including activities undertaken while working, playing, carrying out household chores, travelling, and engaging in recreational pursuits.

Exercise

Physical activity that is planned, structured, and repetitive for the purpose of conditioning any part of the body.