The city orders a fire truck estimated to cost $140,000. The fire truck arrives with an invoice of $138,000. A voucher is processed and paid 2 weeks later. Record the journal entries for these transactions.
2. Journal Entries
Record the following transactions:
a. The city orders a police car estimated to cost $22,000
b. The police car arrives with an invoice of $25,000. The invoice is process for payment.
c. The invoice is paid.
d. The police car is destroyed in a crash and is sold for scrap of $1000.