Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A certain government passed it's budget for the fiscal year ended December 31, 2004. Estimated revenues amounted to $13,000,000; Appropriations amounted to $11,9000,000; Estimate Uses

A certain government passed it's budget for the fiscal year ended December 31, 2004. Estimated revenues amounted to $13,000,000; Appropriations amounted to $11,9000,000; Estimate Uses amounted to $800,000 and Estimated Other Financing Sources amounted to $100,000. In the budgetery entry: a) budgetery fund balance would be debited for $1,800,000; b) budgetery fund balance would be credited for $400,000; C) budgetery fund balance would be credited for $1,800,000; d) budgetery fund would be unchanged

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Chapters 1-13

Authors: Carl Warren

27th Edition

1337272108, 978-1337272100

More Books

Students also viewed these Accounting questions

Question

Describe the contributions of Keller and Marion Breland.

Answered: 1 week ago

Question

Explain the process of Human Resource Planning.

Answered: 1 week ago