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The following activities occurred during 2017 in the General Fund:
Ã¢â‚¬Â¢ Issued purchase orders for $500,000.
Ã¢â‚¬Â¢ Purchase orders in the amount of $300,000 were filled at an invoice price of $288,000.
Ã¢â‚¬Â¢ Paid salaries of for $105,000 (no encumbrance used).
Ã¢â‚¬Â¢ 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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