10607 ENTRY NO. A–7R [ENTRY A–7 IS SEMI-REVERSED]
(Renumbered 5/95)
Nature of Transaction:
Entry No. A–7 is semi-reversed as of July 1.
Journal Entry for General Ledger Account:
| Debit: |
| 2341 |
Equipment |
a/ |
| 9893 |
Prior Year Appropriation Adjustments |
b/ |
| |
Credit: |
| |
2740 |
Inventory of Surveyed Equipment |
b/ |
| |
5200 |
Investment in General Fixed Assets |
a/ |
| a/ |
Book value of surveyed equipment. |
| b/ |
Estimated amount to be received from sale of surveyed equipment. |
Source:
Entry No. A–7.
Explanation:
Entry No. A–7 is semi-reversed as of July 1, in the accounts of the new fiscal year, so that when the transaction is completed in the new fiscal year it may be processed normally.
