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The Fire Department of a Given City Received an Appropriation

Question 72

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, 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:


A) $13,055,000.
B) $13,065,000.
C) $13,690,000.
D) $13,680,000.

Correct Answer:

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