Four New Computers,for Which the Cost Exceeded the City's Capitalization

question 44

Multiple Choice

Four new computers,for which the cost exceeded the city's capitalization threshold,were purchased for use in the city clerk's office using General Fund resources.Which of the following entries would be required to completely record this transaction?

• A) General Fund: Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
• Vouchers Payable . . . . . . . . . . . . . . . . . . . . . . . . 8,000
• B) Governmental Activities: Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
• Vouchers Payable . . . . . . . . . . . . . . . . . . . . . . . . 8,000
• C) General Fund: Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
• Vouchers Payable . . . . . . . . . . . . . . . . . . . . . . . . 8,000
• Governmental Activities:
• Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
• Vouchers Payable . . . . . . . . . . . . . . . . . . . . . . . . 8,000
• D) General Fund: Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
• Vouchers Payable . . . . . . . . . . . . . . . . . . . . . . . . 8,000
• Governmental Activities:
• Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
• Vouchers Payable . . . . . . . . . . . . . . . . . . . . . . . . 8,000

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