Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please provide the right answer as soon as possible. 3-21. Budgetary Control over Expenditures. O L03-5) It is February 15 and the City of Galaxy's
please provide the right answer as soon as possible.
3-21. Budgetary Control over Expenditures. O L03-5) It is February 15 and the City of Galaxy's personnel department is preparing a purchase order for a new copier estimated to cost $3,600. The personnel departments administrative assistant checks accounts to verify that an appropriation is available in a sufficient amount to cover the cost of the new copier. Current information indicates the following for the personnel department's Equipment account and Office Supplies account. Account No. 1010012058510 Year 20xx Department/Activity Object Personnel Department/Chief Equipment Encumbrances Date Reference Originated Closed Balanced Expenditures Available Appropriation Jan 2 Budget 8.000 Jan 21 PO issued 4,795 4,795 ? Jan 30 Voucher issued 2,535 2,260 2,535 ? Account No. 1010012058300 Year 20xx Department/Activity Object Personnel Department/Chief Office Supplies Encumbrances Date Reference Originated Closed Available Appropriation Balance Expenditures Jan 2 Budget 5,000 Jan 15 PO Issued 500 500 ? Jan 30 Voucher Issued 500 0 495 ? c. For the question marks indicated, calculate the Available Appropriation balances in the Office Supplies account. If the Office Supplies account could be used to help purchase the copier, would there be sufficient authorization to order the copier? d. For the question marks indicated, calculate the Available Appropriation balances in the Office Supplies account. If the Office Supplies account could be used to help purchase the copier, would there be sufficient authorization to order the copierStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started