Soddy Daisy orders $150,000 of supplies on Dec. 1, 2012. On Dec. 20, the supply

Question

Soddy Daisy orders $150,000 of supplies on Dec. 1, 2012. On Dec. 20, the supply unit receives supplies that had been encumbered for $35,000 with an invoice of$34S·On Dec. 31 the remaining encumbrances are closed and the expenditures for the year are closed. On Jan. 1, 2013 the encumbrances are reestablished. On Feb. 1, remaining supplies are received with an invoice of $117,700. On Dec. 31, the encumbrances and the expenditures are closed. Give the journal entries for the general fund and for the government wide activities journal. General fund Dec. 1,2012 Government wide activities journal Encroz 150,00o N/A Enc ols So, coo Dec. 20, 2012 Expense 35oo 34500 35o0o 34,506 Enc-toaz 4Sco sa Alp Dec. 31, 2012 Fund Balance 15, 600 JA Ent-o1Z iScoo Fund Balance 34,0 ExpendHoies 34,Soo Jan. 1, 2013 Feb. 1, 2013 Dec. 31, 2013

Explanation / Answer

General fund Govt wide activities general Jan 01 2013 ENC -ZAZ                 115000 To Fund balance 115000 NA Feb 01 2013 ENC OS                     117700 To ENC - ZAZ          117700 NA Feb 01 2013 Expenditure           117700   To A/P                      117700 Expenses       117700   To A/P                      117700 Dec 31 2013 ENC-ZAZ                  2700 To Fund balance               2700 Dec 31 2013 Fund balance 117700 To Expenditure 117700 NA

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