Essay
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.
Correct Answer:

Verified
Correct Answer:
Verified
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