It is February 15 and the City of Galaxy's personnel department is preparing a purchase order...

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It is February 15 and the City of Galaxy's personnel department is preparing a purchase order for a new copier estimated to cost $3,600. The personnel department's administrative assistant checks accounts to verify that an appropriation is available in a sufficient amount to cover the cost of the new copier. Current information indicates the following for the personnel department's Equipment account and Office Supplies account. Personnel Department/Chief Equipment Account No. 1010012058510 Department/Activity Object Year 20xx Encumbrances Available Date Reference Originated Closed Balanced Expenditures Appropriation Jan 2 Budget 8,000 Jan 21 PO issued 4,795 4.795 ? Jan 30 Voucher issued 2,535 2,260 2,535 Account No. 1010012058300 Year 20xx Department/Activity Object Personnel Department/Chief Office Supplies Encumbrances Available Date Reference Originated Closed Balance Expenditures Appropriation Jan 2 Budget 5,000 Jan 15 PO Issued 500 500 ? Jan 30 Voucher Issued 500 495 ? Required: c. For the question marks indicated, calculate the Available Appropriation balances in the Office Supplies account. If the Office Supplies account could be used to help purchase the copier, would there be sufficient authorization to order the copier? d. For the question marks indicated, calculate the Available Appropriation balances in the Office Supplies account. If the Office Supplies account could be used to help purchase the copier, would there be sufficient authorization to order the copier? It is February 15 and the City of Galaxy's personnel department is preparing a purchase order for a new copier estimated to cost $3,600. The personnel department's administrative assistant checks accounts to verify that an appropriation is available in a sufficient amount to cover the cost of the new copier. Current information indicates the following for the personnel department's Equipment account and Office Supplies account. Personnel Department/Chief Equipment Account No. 1010012058510 Department/Activity Object Year 20xx Encumbrances Available Date Reference Originated Closed Balanced Expenditures Appropriation Jan 2 Budget 8,000 Jan 21 PO issued 4,795 4.795 ? Jan 30 Voucher issued 2,535 2,260 2,535 Account No. 1010012058300 Year 20xx Department/Activity Object Personnel Department/Chief Office Supplies Encumbrances Available Date Reference Originated Closed Balance Expenditures Appropriation Jan 2 Budget 5,000 Jan 15 PO Issued 500 500 ? Jan 30 Voucher Issued 500 495 ? Required: c. For the question marks indicated, calculate the Available Appropriation balances in the Office Supplies account. If the Office Supplies account could be used to help purchase the copier, would there be sufficient authorization to order the copier? d. For the question marks indicated, calculate the Available Appropriation balances in the Office Supplies account. If the Office Supplies account could be used to help purchase the copier, would there be sufficient authorization to order the copier?

Answer rating: 100% (QA)

Requirement A Requirement B Yes Available app... View the full answer