Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on october 1, 2019, the city of highland placed an

On October 1, 2019, the City of Highland placed an order with Ajax Sand &...

90.2K

Verified Solution

Question

Accounting

On October 1, 2019, the City of Highland placed an order with Ajax Sand & Gravel Co. for 1,000 tons of cinders to be spread upon Highlands streets during winter storms. The estimated cost of the cinders was $10 per ton, delivered. Ajax delivered 800 tons of cinders to Highlands road maintenance yard on October 20, along with an invoice for $8,000. Ajax delivered the remaining 200 tons of cinders on November 1, along with an invoice for $2,000. Prepare the General Fund journal entries necessary on October 1, October 20, and November 1, 2019. Classify the expenditures as Road maintenance.

10/01
To record encumbrance.
10/20

To record partial reversal of encumbrance.
To record expenditure.
11/01
To record partial reversal of encumbrance.
To record expenditure.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Answer Answered 2 Points sin si iblo Round to four decimal places if necessary

Basic Math
Q

Decide which of the following statements are true and which are false. 1. Real gas molecules behave...

Chemistry
Q

Human Physiology Which of these is a cranial nerve that produce the pupillary reflex responde? a)vagus nerve b)phrenic nerve c)optic...

Medical Sciences
Q

Write the code in assembly language to generate two square waves of frequency 1KHZ with 50%...

Electrical Engineering
Q

2 In the circuit shown figure C luF and C 2uF Capacitor C is charged...

Physics
Q

Determine the magnitude and direction of the vertical shift and the phase shift for the...

Geometry
Q

You plant 300 grass seeds in your circular garden. If your garden has a diameter...

Basic Math
Q

Shea Air Conditioning & Heating had the following select financial data as of June 30,...

Accounting
Q

A company discarded a display case originally purchased for $8,050. The accumulated depreciation was $7,150....

Accounting
Q

Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the...

Accounting
Q

0 You received no credit for this question in the previous attempt. 6 Exercise 12-15B...

Accounting
Q

Assume that the risk-free rate is 4.5% and the market risk premium is 5.5%. What...

Finance