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kompoz [17]
3 years ago
5

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.
Business
1 answer:
Leni [432]3 years ago
7 0

Answer:

City of South Dundee appropriations,expenditure and encumbrances ledger for the month of July,2017 is found in the attached excel file

Explanation:

Note that the budget of $8700000 was reviewed down to $8650000 by a reduction of $50000.Also, it is noteworthy that the value of invoices was deducted instead of the value on purchase order,since the invoice shows the amount actually owed.

Download xlsx
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Incomplete question

Complete question:

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