The Fire Department of a given city received an appropriation in the amount of $14,000,000 for the fiscal year ended June 30, 2014. During the month ended July 31, 2013, the following transactions occurred: (a) purchase orders were issued in the amount of $650,000; (b) purchase orders, related to (a) above, were filled in the amount of $610,000; the related invoice amount was $595,000; invoices were paid in the amount of $550,000; (c) salaries were accrued and paid in the amount of $600,000. The balance available for the fire department as of July 31, 2013, is: 

A) $12,740,000. 

B) $12,800,000. 

C) $12,765,000. 

D) $12,840,000.

Answer rating: 100% (QA)

Appropriation Less Purcha... View the full answer