The City of South Dundee budget for the fiscal year ended June 30, 2017, included an appropriation for the police department in the amount of $8,700,000. During the month of July 2017, the following transactions occurred (in summary):
Purchase orders were issued in the amount of $520,000.
Of the $520,000 in purchase orders, $480,000 were filled, with invoices amounting to $478,000.
Salaries, not encumbered, amounted to $287,000.
A budget appropriations reduction in the amount of $50,000 was approved by the city council.
Prepare an appropriations, expenditures and encumbrances ledger for the police department for the month of July. (Credit amounts should be indicated by a minus sign.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The City of South Dundee budget for the fiscal year ended June 30, 2017, included an appropriation for the police department in the amount ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
In a market economy a significant change in consumers' desire for product x will: select one: a. alter the profits or losses received by certain firms. b. cause a reallocation of scarce resources. c.
Answers (1)
Insurance policies typically stipulate a deductible amount which the insured must shoulder; this is to address the problem of: moral hazard public goods externalities adverse selection
Answers (1)
Why should you save your files on a regular basis?
Answers (2)
Kenny, Inc., is looking at setting up a new manufacturing plant in South Park. The company bought some land six years ago for $8.
Answers (1)
Which of the following relationships must always be incorrect? A. Tolerances > control limits > process variability B. Tolerances > process variability > control limits C. Process variability > control limits > tolerances D.
Answers (1)
New Questions in Business
Cole has a credit card bill of $3,100. His credit limit is $3,000. Is Cole using credit responsibly or irresponsibly? A. responsibly B. irresponsibly
Answers (1)
In the month of November Marigold Corp. wrote checks in the amount of $43300. In December, checks in the amount of $59239 were written. In November, $39630 of these checks were presented to the bank for payment, and $50932 in December.
Answers (1)
Donald and Charlene are married and do not have any children. They plan to ensure that the other will not be unduly burdened by debts in case one of them dies. Each plans to continue to work after the other one dies.
Answers (1)
Mike wants to open his own repair shop, and is considering using his savings of $30,000 to get it started. He is currently earning 3 percent interest on his savings.
Answers (1)
Which best describes what a central bank uses monetary policy to do? ensure that the government has a balanced budget influence financial institutions globally ensure that the government is sufficiently funded steer the economy away from recession
Answers (2)