Question
1-Assume that a city approves the following budget for the year: Estimated revenues . . . . . . . . . . . .
1-Assume that a city approves the following budget for the year:
Estimated revenues . . . . . . . . . . . . . . . . . . . . . . $136,540 Estimated other financing sources. . .. . . . . . . . . 32,000 Appropriations . . . . . . . . . . . . . . . . . . . . . . . . . . . (148,890) Net change in fund balance . . . . . . . . . . . . . . . . $ 19,650
Required: Prepare the journal entry to record the budget.
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Accounting Managing Business Information Preliminary Edition Volume I
Authors: Thomas L. Albright , Robert W. Ingram
1st Edition
0324061625, 978-0324061628
