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The Fire Department of a Given City Received an Appropriation

Question 115

Multiple Choice

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:


A) $13,740,000.
B) $13,765,000.
C) $13,800,000.
D) $13,840,000.

Correct Answer:

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