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I need this question to be answered in the template below: Please use the template attached below. The following appropriations were approved at Clinton Central
I need this question to be answered in the template below: Please use the template attached below.
The following appropriations were approved at Clinton Central School District at the beginning of | |||||
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. |
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