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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1. Encumbrances:
The city orders a fire truck estimated to cost $140,000. The fire truck arrives with an invoice of $138,000. A voucher is processed and paid 2 weeks later. Record the journal entries for these transactions.
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2. Journal Entries
Record the following transactions:
a. The city orders a police car estimated to cost $22,000
b. The police car arrives with an invoice of $25,000. The invoice is process for payment.
c. The invoice is paid.
d. The police car is destroyed in a crash and is sold for scrap of $1000.
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