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 $9,000,000 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 $800,000; b) purchase orders, related to a) above, were filled in the amount of $790,000; the related invoice amount was $795,000; invoices were paid in the amount of $750,000; c) salaries were accrued and paid in the amount of $775,000. The balance available for the police department as of July 31, 2017 is:

A) $7,420,000.
B) $7,430,000.
C) $7,460,000.
D) $7,425,000.