The following appropriations were approved at Clinton Central School District at the beginning
of the fiscal year:
110	Regular Salaries	$ 500,000
610	General Supplies	$ 15,000
560	Tuition	$ 100,000
640	Textbooks	$ 35,000
The following transactions occurred in July:
T1	A purchase order was place for general supplies estimated to cost $12,000
T2	The materials were ordered in T1, received and the actual cost was $11,000
T3	Salaries were paid in the amount of $50,000
T4	A purchase order was placed for $100,000 for tuition.
T5	Salaries were paid in the amount of $50,000
T6	A purchase order was placed for textbooks estimated to cost $15,000
Instructions:
Prepare an interim statement comparing expenditures and encumbrances to appropriations.

Following is the template that includes headings under which the requirements should be completed.

Account Code	Account Title	Appropriations	Expenditures	Encumbrances	Unencumbered Balance

Answer rating: 100% (QA)

Answer Solution I Interim Statement Comparing Expenditures and Encumbranc... View the full answer