Business
Business, 11.02.2020 20:21, jurnee77

Smallville is entitled to receive a grant of up to $50,000 from the federal government for a social program. Under the grant, Smallville is to be reimbursed for expenditures incurred on the program. During the year, expenditures on the program totaled $45,000. Prepare the entry for the expenditures first (they were not encumbered).Account Debit Credit

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