Question
Assume that a city approves the following budget for the year: Estimated revenues . . . . . . . . . . . .
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 |
Prepare the journal entry to record the budget.
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
5th Edition
0730313743, 978-0730313748
