the december 31 2012 balance sheet for the general fund of burnville showed an assig 4375208

The December 31, 2012, balance sheet for the general fund of Burnville showed an assigned fund balance of $1,900,000 for outstanding encumbrances. This figure represented $1,100,000 encumbered for office equipment and $800,000 for supplies. Early in 2013, the equipment and supplies were delivered and bills received for $1,170,000 and $795,000, respectively. Required Prepare the journal entries for 2013 relating to these events, using the a. Legal budgetary basis. b. GAAP budgetary basis. View Solution:
The December 31 2012 balance sheet for the general fund

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