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Unformatted text preview: 21,000 Fund Balance Unreserved 21,000 Reverse prior-year encumbrance reserve. ENCUMBRANCES 21,000 BUDGETARY FUND BALANCE RESERVED FOR ENCUMBRANCES 21.000 Establish budgetary control over encumbrances renewed from prior year. (4) Equipment receivedJanuary 18, 20X3: BUDGETARY FUND BALANCE RESERVED FOR ENCUMBRANCES 21,000 ENCUMBRANCES 21,000 Remove budgetary reserve for goods received. Expenditures 21,800 Vouchers Payable 21,800 Record expenditure for goods received at actual cost of $21,800. (5) Year-end entryDecember 31, 20X3: Fund BalanceUnreserved 21,800 Expenditures 21,800 Close 20X3 expenditures account....
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This note was uploaded on 10/09/2011 for the course ACC 253 taught by Professor Strimling during the Fall '11 term at Harper.
- Fall '11