Preparation Of Ledger For Given Transactions

Question

Record the following transactions in the expenditure subsidiary ledger account template provided below:

1. Council approves an appropriation of $25,000 for the public works department.

2. Issuance of purchase orders of $3,000 for supplies.

3. Issuance of a purchase order of $1,500 for equipment.

4. Payment of salaries of $18,000.

5. Offices supplies ordered in 2 are received at an actual cost of $3,100.

 

Expenditure Subsidiary Ledger

Public Works

Item

Dr.
Encumbrances
 Dr.
Expenditures
Cr.
Appropriations
Cr. (Dr.) Unencumbered Balance

1

 

 

 

 

2

 

 

 

 

3

 

 

 

 

4

 

 

 

 

5

 

 

 

 

 

Summary

The question belongs to Accounting and it discusses about preparing a ledger for the given transactions.

Total Word Count 31

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Comments

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