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The following activities occurred during 2017 in the General Fund

Price:
$14.99
SKU:
709142


Product Description

The following activities occurred during 2017 in the General Fund:

 

• Issued purchase orders for $500,000.

 

• Purchase orders in the amount of $300,000 were filled at an invoice price of $288,000.

 

• Paid salaries of for $105,000 (no encumbrance used).

 

• Transferred $160,000 to the Debt Service Fund.

 

What amount is reported as EXPENDITURES? A. $288,000 B. $553,000 C. $393,000 D. $405,000


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