Answer: $13,680,000
Explanation:
Given that,
Appropriation received(Budget) = $15,000,000
(a) purchase orders = $650,000
(b) purchase orders, related to (a) = $640,000
Related Invoice amount = $635,000
Invoices were paid in the amount = $620,000
(c) salaries accrued and paid(Payroll) = $675,000
Balance available for the fire department as of July 31, 2017:
= Budget - purchase orders(debit) + purchase orders(credit) - (Invoice payment) - payroll(expenditure)
= $15,000,000 - $650,000 + $640,000 - ($15,000 + $620,000) - $675,000
= $13,680,000
