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19. The County Commission of Seminole County adopted its General Fund budget for the year ending June 30, comprising estimated revenues of $13,200,000 and appropriations

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19. The County Commission of Seminole County adopted its General Fund budget for the year ending June 30, comprising estimated revenues of $13,200,000 and appropriations of $12,900,000. Seminole County utilizes the budgetary accounts required by GASB standards. The journal entry to record budgeted appropriations will include: a. A credit to Appropriations, $12,900,000. b. A credit to Budgetary Fund Balance, $12,900,000. c. A credit to Encumbrances, $12,900,000. d. A debit to Estimated Expenditures. $12.900.000

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