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What amount should elm debit to budgetary fund balance

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Reference no: EM131105421

Elm City issued a purchase order for supplies with an estimated cost of $5,000. When the supplies were received, the accompanying invoice indicated an actual price of $4,950.

What amount should Elm debit (credit) to Budgetary Fund Balance-Reserved for Encumbrances after the supplies and invoice were received?

Reference no: EM131105421

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