What is the net effect on the fund balance
Course:- Accounting Basics
Reference No.:- EM132283994

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Question - The general fund had the following transactions during the month of April:

(1) Took delivery of five new vehicles that had been ordered and encumbered the previous month - the total costs were $270,000

(2) Issued purchase orders totaling $25,000 for various supplies

(3) Issued payroll checks in the amount of $110,000

(4) Supplies that were previously ordered were received in the amount of $1,500

What is the net effect on the fund balance after accounting for these transactions?





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