Discussion and possible action to approve the following line item transfer:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
001-2500-6010
Books & Subscriptions
$820
$820
$0
001-2500-6007
Dues & Memberships
$65
$65
$0
$895
To:
001-2500-6402
Repairs & Maint. - Equip.
$895
$185
$1,080
Issue: The Repairs & Maintenance-Equipment account does not have sufficient funds to cover payment for two maintenance invoices from Toshiba Business Solutions.
Solution: The line item transfer will help the account not reach a deficit.
Result: Transfer will result in Repairs & Maintenance-Equipment account to have enough funds to cover pending invoices.