Question

The Fire Department of a given city received an appropriation in the amount of $10,000,000 for the fiscal year ended June 30, 2020. During the month ended July 31, 2020, the following transactions occurred: (a) purchase orders were issued in the amount of $1,800,000; (b) purchase orders, related to (a) above, were filled in the amount of $1,790,000; the related invoice amount was $1,795,000; invoices were paid in the amount of $1,750,000; (c) salaries were accrued and paid in the amount of $975,000.

Answer 1

Answer: $‭7,265,000‬

Explanation:

Question is to find the balance remaining for the Police at year end.

Please find the table attached:

= 10,000,000 - 1,800,000 + 1,790,000 - 1,750,000 + 975,000

= 7,265,000