Answered step by step
Verified Expert Solution
Question
1 Approved Answer
11 [4-a-11] The citys budget for 2018 was legally amended as follows: Estimated Revenues: Decreases Increases Licenses and permits $ 4,950 Intergovernmental $ 4,200 Charges
11 | [4-a-11] | The citys budget for 2018 was legally amended as follows: | ||||||
Estimated Revenues: | Decreases | Increases | ||||||
Licenses and permits | $ 4,950 | |||||||
Intergovernmental | $ 4,200 | |||||||
Charges for Services | 5,950 | |||||||
Miscellaneous | 9,900 | |||||||
Total | $ 10,900 | $ 14,100 | ||||||
Appropriations: | ||||||||
General Government | $ 20,080 | |||||||
Public Safety | 6,000 | |||||||
Public Works | 12,000 | |||||||
Health and Welfare | 6,600 | |||||||
Culture and Recreation | $ 9,600 | |||||||
$ 9,600 | $ 44,680 | |||||||
Note: These amendments decrease the balance of the Budgetary Fund Balance account by $31,880. | ||||||||
Required: | Record the budget amendments in the General Fund (GF) general journal only. | |||||||
Budgetary items do not affect the government-wide (GW) accounting records. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started