Question

The City of South River budget for the fiscal year ended June 30.2020. Included an appropriation for the police department in the amount of $8.712.000. During the month of July 2020, the following transactions occurred in summary: Purchase orders were issued in the amount of $545.000 Of the $545,000 in purchase orders, $502,000 were filled with involces amounting to $492,000. Salaries, not encumbered, amounted to $308.000. A budget appropriations reduction in the amount of $64.000 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 slgn.) CITY OF SOUTH RIVER Appropriation Expenditures and Encumbranges Ledger General Fund Public Safety Police Month July, 2020 Unexpended Appropriation Balance Expenditures Reference Appropriations Encumbrances Budget Purchase Orders issued Invoices Received and Approved for payment Payrolls Budget Revision

Answer 1

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Solution CITY OF SOUTH RIVER Expenditures and Encombrances ledger Appropriations, General Fund public Safety - police Month & July 2020 Transaction Expenditures Reference Encombrances Appropriations |-$8712000 Unexpended Appropriation Balance - $8712000 Budget purchase orders issued $ 545000 ę approved for - $502000 $ 492000 Invoices received Pagment $ 308000 - $8167000 -$8177000 - $7869000 - $7805000 - $7805000 pay roles Budget Revision $ 64000 -$8648000 $ 43000 $800000 ter, Note - o © credit amounts indicated by a minus e un expended Appropriation balance = sign. Sum of encombrances Appropriations & Expenditures.