ENTRY A-7R, ENTRY A-7 IS SEMI-REVERSED - 10607

(New: 05/1995)

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