139.The City of Westboro passed an appropriations ordinance for the year ended June 30, 2015. Included in the appropriations ordinance was an appropriation for public safety in the amount of $7,600,000. During the month ended July 31, 2014 the following transactions took place:
a. Purchase orders were issued in the amount of $410,000.
b. Goods were received, related to purchase orders in the amount of $220,000, along with invoices amounting to $215,000.
c. Salaries were paid in the amount of $450,000
d. Because of an economic slowdown, a budget amendment was passed cutting all departments' (annual) appropriations by 4%.
Required:
Compute the amount of appropriations available at July 31, 2014.
140.Prepare the General Ledger journal entries for the General Fund for the Village of Bath for the year ended December 31, 2015
a.The budget was formally adopted. Estimated revenues are $3,250,000 and appropriations are estimated to be $3,204,500.
b.Revenues were received in the amount of $3,256,500.
c.Purchase orders were issued in the amount of $1,690,000.
d.Purchase orders were filled in the amount of $1,436,500. The invoice amount was $1,443,000.
e.Expenditures, not encumbered, amounted to $1,352,000. (not yet paid)
f.Amounts from d and e are paid