In February, X City ordered $550,000 of supplies. On March 17th it received all of the ordered supplies and an invoice of $551,000. Which of the following would be recorded upon receipt of the supplies and invoice? A) Debit Encumbrances Control for $550,000. B) Debit Encumbrances Control for $551,000. C) Debit Budgetary Fund Balance - - Reserve for Encumbrances for $550,000. D) Debit Budgetary Fund Balance - - Reserve for Encumbrances for $551,000.
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