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Effect of transactions on balance of appropriation available for spending Review the following transactions for the Village of Radnor's Parks Department. Placed purchase order 9
Effect of transactions on balance of appropriation available for spending
Review the following transactions for the Village of Radnor's Parks Department.
Placed purchase order for supplies in the amount of $ and purchase order for supplies in the amount of $
The purchase orders allowed the suppliers to ship and bill for additional quantities, up to percent of the order.
Received the supplies ordered on purchase order together with an invoice for $ were accepted, and a voucher was
prepared for $ The supplies, including the additional quantities,
Received all the supplies ordered on purchase order together with an invoice for $ The supplier said that production
costs were less than anticipated, and it was passing the lower cost on to Radnor. A voucher for $ was prepared.
The voucher for $ was paid.
Assume the Parks Department had received an appropriation for supplies in the amount of $
After processing the journal entries for the above transactions, calculate the balance left in the appropriation for spending.
The balance available for spending is $
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