Answer:
A. Dr Encumbrances $14,000
Cr Budgetary fund balance $14,000
B. Dr Budgetary fund balance $8,000
Cr Reserved for encumbrances Encumbrances $8,000
Dr Expenditures – Park supplies $8,300
Cr Voucher payable $8,300
C. Dr Budgetary fund balancereserved for encumbrance $6,000
Cr Encumbrances $6,000
Dr Expenditures – Parks supplies $5,800
Cr Vouchers – payable $5,800
D. Dr Voucher payable $8,300
Cr Cash $8,300
Explanation:
Preparation of Journal entries
A. Dr Encumbrances $14,000
Cr Budgetary fund balance $14,000
($8,000+$6,000)
B. Dr Budgetary fund balance $8,000
Cr Reserved for encumbrances Encumbrances $8,000
Dr Expenditures – Park supplies $8,300
Cr Voucher payable $8,300
C. Dr Budgetary fund balancereserved for encumbrance $6,000
Cr Encumbrances $6,000
($14,000-$8,000)
Dr Expenditures – Parks supplies $5,800
Cr Vouchers – payable $5,800
D. Dr Voucher payable $8,300
Cr Cash $8,300
