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6. Enterprise Fund cash of $5,000 was paid to the General Fund to subsidize its operations a. Prepare general journal entries and budgetary entries to
6. Enterprise Fund cash of $5,000 was paid to the General Fund to subsidize its operations | |||||
a. Prepare general journal entries and budgetary entries to record the transactions in the General Ledger and Revenue Subsidary Ledger accounts. | |||||
b. Prepare a trial balance of the Revenues Ledger after posting the general journal entries prepared in item (a). Show agreement with the control accounts. | |||||
c. Prepare the general journal entries to close the revenue accounts in the General Ledger and Revenues Ledger. |
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