Expenditures vs. Expenses Following are some of Shining Stars a small village, during the calendar year June 1, 2021-July 31, 2022. For cach transaction, state (a) the amount the village would report as expenditures for the year 2021 if the transaction occurred in a governmental-type fund and (b) the amount it would report if the transaction occurred in an Enterprise Fund. 1. Bought software, games, books worth $270,000, $180,000 in cash and $90,000 on account on 11/1/2021. If governmental, you will use the purchase method. You will make monthly payments at the beginning of the month(starting in Nov. 1, 2021) for 12 months at 5% interest (S7704 67 cach month) Month Interest Principal November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 Aunus 2022 September 2022 October 2022 375.00 344.46 313.79 283 00 252.07 221.02 189.84 158.53 122 OR 95.51 63.81 31.91 7.229.62 7.360.21 2.390.88 11742162 1245260 17.483 65 7181483 7.546.14 7572.59 7609116 7,640.86 172672.174 Amount owing 90.000 82.620.33 75,310.12 67.919.28 60496.57 $3,043.97 45.56032 38,045:48 30,499.34 22.92.75 15.212.72 13,671172 0 (Hint: Just because you buy inventory, is it an expense? Expenditure? Next, think of accounts payable in terms of when you intend to pay it. Use the chart above to determine principal and interest cach month. Remember how far into next year expenses can be made and still count towards the current year's expenses.) 2. Distributed $152,000 in software, games, and books to needy children over the course of the year 3. Salaries and other personnel costs, S415,000