The Police Department of a Given City Received an Appropriation

Multiple Choice

The Police Department of a given city received an appropriation in the amount of $8,000,000 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 $500,000; (b) purchase orders,related to (a) above,were filled in the amount of $490,000; the related invoice amount was $495,000; invoices were paid in the amount of $450,000; (c) salaries were accrued and paid in the amount of $475,000. The balance available for the police department as of July 31,2014 is:

A) $7,065,000.
B) $7,025,000.
C) $7,020,000.
D) $6,575,000.