The Fire Department of a given city received an appropriation in the amount of $15,000,000 for the fiscal year ended June 30,2015. During the month ended July 31,2014,the following transactions occurred: (a)purchase orders were issued in the amount of $650,000; (b)purchase orders,related to (a)above,were filled in the amount of $610,000; the related invoice amount was $595,000; invoices were paid in the amount of $550,000; (c)salaries were accrued and paid in the amount of $600,000. The balance available for the fire department as of July 31,2014 is:

Question

Quizplus · Accepted Answer

The balance available for the fire department can be calculated as follows: 
Appropriation amount: $15,000,000 
Purchase orders issued: $650,000 
Purchase orders filled: $610,000 
Invoice amount: $595,000 
Amount paid: $550,000 
Salaries paid: $600,000

Subtracting these amounts from the original appropriation gives us: 
$15,000,000 - ($650,000 + $610,000 + $595,000 + $550,000 + $600,000) = $13,765,000

Therefore, the best choice is B.

The Fire Department of a Given City Received an Appropriation