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It is February 15 and the City of Galaxy's personnel department is preparing a purchase order for a new copler estimated to cost $3,600. The
It is February 15 and the City of Galaxy's personnel department is preparing a purchase order for a new copler estimated to cost $3,600. The personnel department's administrative assistant checks accounts to verify that an appropriation is available in a sufficient amount to cover the cost of the new copler. Current information indicates the following for the personnel department's Equipment account and Office Supplies account. Required Review the accounts as of February 15, and using the information available answer the following questions, assuming you are the administrative assistant a. Calculate the Available Appropriation balances in the Equipment account. b. Is the available appropriation balance sufficient to authorize the ordering of the new copier? C. (1) Calculate the Available Appropriation balances in the Office Supplies account. (2) If the Office Supplies account could be used to help purchase the copler, would there be sufficient authorization to order the copler? Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the Available Appropriation balances in the Equipment account. Account No. 1010012058510 Year 20xx Department/Activity Object Encumbrances Credits Balance Personnel Department/Chief Equipment Available Expenditures Appropriation $ 8,000 Date Debits Jan 2 Jan 21 Jan 30 Reference Budget PO Issued Voucher issued $ 4,795 $ 4,795 2,260 2,535 2,535 Required A Required B Required (1) Calculate the Available Appropriation balances in the Office Supplies account. (2) If the Office Supplies account could be used to help purchase the copier, would there be sufficient authorization to order copier? (1) Account No. 1010012058300 Year 20xx Department/Activity Object Encumbrances Credits Balance Personnel Department/Chief Office Supplies Available Expenditures Appropriation $ 5,000 500 Debits Date Jan 2 Jan 15 Reference Budget PO Issued Voucher issued $ 500 $ Jan 30 500 0 495 (2) If the Office Supplies account could be used to help purchase the copier, would there be sufficient authorization to order the copier
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