The City of Westboro passed an appropriations ordinance for the year ended June 30,2014.Included in the appropriations ordinance was an appropriation for public safety in the amount of $7,600,000.During the month ended July 31,2013 the following transactions took place:
a.Purchase orders were issued in the amount of $410,000.
b.Goods were received,related to purchase orders in the amount of $220,000,along with invoices amounting to $215,000.
c.Salaries were paid in the amount of $450,000
d.Because of an economic slowdown,a budget amendment was passed cutting all departments' (annual)appropriations by 4%.
Required:
Compute the amount of appropriations available at July 31,2013.

Question

Quizplus · Accepted Answer

The Answer of The City of Westboro passed an appropriations ordinance for the year ended June 30,2014.Included in the appropriations ordinance was an appropriation for public safety in the amount of $7,600,000.During the month ended July 31,2013 the following transactions took place:
a.Purchase orders were issued in the amount of $410,000.
b.Goods were received,related to purchase orders in the amount of $220,000,along with invoices amounting to $215,000.
c.Salaries were paid in the amount of $450,000
d.Because of an economic slowdown,a budget amendment was passed cutting all departments' (annual)appropriations by 4%.
Required:
Compute the amount of appropriations available at July 31,2013.

The City of Westboro Passed an Appropriations Ordinance for the Year