Simple City Has Recorded the Purchase Order of Two Trucks

question 10

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 a voucher price of $105,000. This amount has been approved but not yet paid. Identify the fund in which the entries are recorded.

---

Definitions:

Coaxial

A type of electrical cable that has an inner conductor surrounded by a tubular insulating layer, surrounded by a tubular conducting shield, often used for transmitting television signals and internet connections.

Coaxial

A type of cable with an inner conductor surrounded by a tubular insulating layer, used widely for transmitting television signals and internet connectivity.

Cable Medium

A type of physical transmission medium that uses cables, such as coaxial or fiber optics, to transmit data.

Broadcast Medium

Any medium used to transmit information, entertainment, or other messages to a wide audience, typically involving radio, television, or the internet.