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timer Asked: Mar 18th, 2016

Question description

During fiscal year 2017, the Town of Tonawanda issued purchase orders to various vendors in the amounts shown for the following functions of the town:

 General Government $82,500  
 Public Safety 148,700  
 Public Works 130,400  
 Culture and Recreation97,300  
 Health and Welfare94,800  
All goods ordered during the year were received at the following actual costs:
 General Government $83,720  
 Public Safety 147,940  
 Public Works 131,140  
 Culture and Recreation98,780  
 Health and Welfare93,970  

Prepare a summary journal entry in the General Fund general journal to record the issuance of purchase orders during fiscal year 2017.

 Record the issuance of purchase orders during fiscal year 2017

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