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Assume Wolde City pays employees $500,000 during the fiscal year ended June 30, 2022. In addition, salaries of $5,000 were earned by employees during the
Assume Wolde City pays employees $500,000 during the fiscal year ended June 30, 2022. In addition, salaries of $5,000 were earned by employees during the month of June, but not paid until July. Identify the amount of expenditures that would be recognized for the fiscal year ended June 30, 2022 if the salaries were for employees paid from one of the governmental funds versus the amount of expenses that would be recognized if the employees were paid from an enterprise fund
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