During July, the first month of the fiscal year, the Town of Willingdon issued the following purchase orders and contracts.
General government $ 870,000
Public safety 470,000
Public works 82,000
Health and welfare 72,000
Miscellaneous 32,000
Total purchase orders
and contracts $1,526,000
Required:
a-1. Prepare the general journal entry to record the issuance of the purchase orders and contracts.
a-2. Show entries in subsidiary ledger accounts.

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.