The Fire Department of a given city received an appropriation in the amount of $15,000,000 for the fiscal year ended June 30, 2017. During the month ended July 31, 2017, 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 $640,000; the related invoice amount was $635,000; invoices were paid in the amount of $620,000; c) salaries were accrued and paid in the amount of $675,000. The balance available for the fire department as of July 31, 2017 is:

Question

Quizplus · Accepted Answer

$15,000,000 appropriation - $650,000 purchase order - $635,000 actual invoice amount + $640,000 purchase orders filled - $675,000 salaries = 13,680,000

The Fire Department of a Given City Received an Appropriation