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Amaya City has a debt service fund that records an initial budgetary entry on the first day of the fiscal year that resulted in a
Amaya City has a debt service fund that records an initial budgetary entry on the first day of the fiscal year that resulted in a debit of $50,000 to budgetary fund balance. Actual revenues exceed estimated revenues by $10,000 for the year. Which of the following accurately identifies the actual impact on fund balance?
Question 12 options:
| Increase (surplus) of $50,000 |
| Increase (surplus) of $10,000 |
| Decrease (deficit) of $10,000 |
| Increase (surplus) of $40,000 |
| Increase (surplus) of $60,000 |
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