Prepare the journal entries - budget appropriations

Reference no: EM133360123

The City of Eeyore budget for the fiscal year ended June 30,2020 , included an appropriation for the police department in the amount of $8,716,000. During the month of July 2020, the following transactions occurred (in summary): Purchase orders were issued in the amount of $553,000. Of the $553,000in purchase orders, $506,000were filled, with invoices amounting to $496,000. Salaries, not encumbered, amounted to $312,000. A budget appropriations reduction in the amount of $62,000was approved by the city council. Prepare the Journal Entries

Reference no: EM133360123

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