The General Fund had the following transactions during the month of June:
Took delivery of 10 new patrol cars that had been ordered and encumbered the previous month total cost 270,000
Issued purchase orders totaling 25,000 for
various supplies
Issued payroll checks in the amount of 110,000
Various other short term liabilities were incurred in the amount of 1,500
Expenditures in the General Fund for the month of June would be
a. 381,500
b. 111,150
c. 25,000
d. 136,500
e. None of the above.
Question 2
Managerial accountants would be responsible for providing information regarding
a. tax reports to government agencies
b. profit reports to owners and management
c. expansion of a product line report to management
d. consumer reports to customers
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