_____ The following balances are included in the subsidiary records of Burwood Village's Parks and Recreation Department at 3/31/06:
$\begin{array} { l }
\text {Appropriations-supplies }&\$7,500\
\text { Expenditures-supplies }&4,500\
\text { Encumbrances-supply orders}&750\
\end{array}$
How much does the department have available for additional purchases of supplies?
A) $ -0-
B) $2,250
C) $3,000
D) $6,750

Question

_____	The following balances are included in the subsidiary records of Burwood Village's Parks and Recreation Department at 3/31/06:
$\begin{array} { l  }
 \text {Appropriations-supplies }&\$7,500\
 \text { Expenditures-supplies }&4,500\
 \text {  Encumbrances-supply orders}&750\
\end{array}$
 How much does the department have available for additional purchases of supplies?
A) $ -0- 
B) $2,250 
C) $3,000
D) $6,750

Quizplus · Accepted Answer

The available amount for additional purchases is calculated by subtracting both the expenditures and the encumbrances from the appropriations. Thus, $7,500 (appropriations) - $4,500 (expenditures) - $750 (encumbrances) = $2,250.

_____ the Following Balances Are Included in the Subsidiary Records of Burwood