A Construction Contract Was Issued for an Addition to the County

A construction contract was issued for an addition to the county jail in the amount of $2,100,000.When the project was approximately half finished,the contractor submitted an invoice for payment of $1,050,000.Which partial entry below is not required to record this transaction?

A) Credit Contracts Payable $1,050,000.
B) Debit Construction Expenditures $1,050,000.
C) Credit Encumbrances Control $2,100,000.
D) Credit Encumbrances Control $1,050,000.

Correct Answer:

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