The accounting department for Sea City Maryland maintains an appropriations ledger for its Beautification Department--supplies. The ledger
Question:
The accounting department for Sea City Maryland maintains an appropriations ledger for its Beautification Department--supplies. The ledger shows that the amount appropriated for supplies $85,000. The ledger also shows that three purchase orders were placed, PO A for $15,000, PO B for $21,000, and PO C for $27,000. The flowers ordered on PO A arrived along with an invoice of $15,000. The soil and other supplies ordered on PO B arrived, were inspected, and a voucher was approved and paid in the amount of $24,000. The trees ordered on PO C had not yet arrived. According to the appropriations ledger, how much of the appropriation was available for spending? Select one: A. $41,000 B. $19,000 C. $49,000 D. $43,000
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton