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.

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Definitions:

Animal Cells

Eukaryotic cells characterized by the absence of a cell wall, presence of membrane-bound organelles, and the ability to move at some point in their life cycle.

Asters

Star-shaped structures formed around chromosomes during cell division in plant and animal cells, assisting in the equal segregation of chromosomes to daughter cells.

Centrosomes

Organelles found in animal cells that serve as the main microtubule organizing centers and play crucial roles in cell division.

Cell Division

The process by which a parent cell divides into two or more daughter cells.