Simple City Has Recorded the Purchase Order of Two Trucks

question 3

Essay

Simple City has recorded the purchase order of two trucks for a total of $100,000.
Prepare the journal entries to reflect that the two trucks have been received with an invoice amount of $105,000.This invoice has been approved but not yet paid.Identify the fund in which the entries are recorded.

---

Definitions:

E-text

Digitally published text that can be read on computers or other electronic devices, such as ebooks.

E-reader

A digital device designed for reading electronic books and other digital publications.

E Ink

A type of electronic paper display technology that mimics the appearance of ordinary ink on paper and is widely used in e-book readers and digital signage.

Cryptocurrency

A type of currency that is digital or virtual, employs cryptography for its security, and functions without the reliance on a central banking system.