Three towns, Appleton, Milltown, and Wilson, approved their annual general fund operating budgets effective January 1 of the current year. The available information about the budgets is as follows.

Instructions:
Journalize the entry to record the operating budgets for each of the three towns for the current year. Use page 1 of a journal.

Transcribed Image Text:

Appleton Estimated Revenues $2,050,000.00 Budgetary Appropriations $2,009,000.00 Fund Balance Milltown Wilson 794,500.00 1,754,000.00 1,722,500.00 789,200.00 $41,000.00 5,300.00 31,500.00