Question: Exercise 3 - 2 1 ( Static ) Budgetary Control over Expenditures [ LO 3 - 5 ] It is February 1 5 and the
Exercise Static Budgetary Control over Expenditures LO
It is February and the City of Galaxys personnel department is preparing a purchase order for a new copier estimated to cost $ The personnel departments 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 departments Equipment account and Office Supplies account.
Required
Review the accounts as of February and using the information available answer the following questions, assuming you are the administrative assistant.
Calculate the Available Appropriation balances in the Equipment account.
Is the available appropriation balance sufficient to authorize the ordering of the new copier?
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?
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