1. CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 23-3 Journalizing Expenditures, Encumbrances, and Other Transactions

2. CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 23-3 JOURNALIZING EXPENDITURES page 695

3. CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 23-3 JOURNALIZING ENCUMBRANCES page 696 – Appropriated for Supplies ExpendituresEncumbrances Amount Still Available –= $5,600.00$900.00$380.00$4,320.00 ––=

4. CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 23-3 1.Entry to cancel encumbrance. 1 2 2.Entry to record expenditure. JOURNALIZING EXPENDITURES FOR AMOUNTS ENCUMBERED page 697

5. CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 23-3 JOURNALIZING EXPENDITURES BENEFITING FUTURE PERIODS page 698

6. CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON 23-3 JOURNALIZING THE ISSUANCE OF LIABILITIES page 698

7. CENTURY 21 ACCOUNTING © Thomson/South-Western 7 LESSON 23-3 JOURNALIZING THE PAYMENT OF LIABILITIES page 699

8. CENTURY 21 ACCOUNTING © Thomson/South-Western 8 LESSON 23-3 INVESTING IN SHORT-TERM INVESTMENTS page 699

9. CENTURY 21 ACCOUNTING © Thomson/South-Western 9 LESSON 23-3 RECEIVING CASH FROM SHORT-TERM INVESTMENTS page 700

10. CENTURY 21 ACCOUNTING © Thomson/South-Western 10 LESSON 23-3 TERMS REVIEW encumbrance general fund assets certificate of deposit page 701