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I need help with the missing blanks. I just cant figure out the accounts that go there. The questions asks : During the year, the
I need help with the missing blanks. I just cant figure out the accounts that go there.
The questions asks : During the year, the city made a single budget revision. Prepare the journal entry to record that revision.
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City of Vienna Budgetary Comparison Schedule General Fund For the Year Ended December 31, 2017 Budgeted Actual Amounts (Budgetary Basis) Variance with Final Budget Final $ 15,000 (8,000) $ 6,465,000 233,000 1,200,000 104,000 8,002,000 $ 6,480,000 225,000 1,200,000 106,000 8,011,000 2,000 9,000 Original Revenues: Taxes $ 6,500,000 Licenses 230,000 Intergovernmental 1,200,000 Miscellaneous 120,000 Total Revenues 8,050,000 Expenditures and Encumbrances: General Government 2,700,000 Pubic Safety 4,050,000 Health and Welfare 1,230,000 Total Expenditures and Encumbrance: 7,980,000 Net Change in Fund Balance 70,000 Fund Balance - Beginning 350,000 Fund Balance - Ending $ 420,000 2,602,000 4,200,000 1,220,000 8,022,000 (20,000) 350,000 330,000 2,503,500 4,215,000 1,198,000 7,916,500 94,500 350,000 $ 444,500 98,500 (15,000) 22,000 105,500 114,500 $ $ 114,500 Part B: GENERAL LEDGER DEBITS CREDITS SUBSIDIARY LEDGER DEBITS CREDITS GENERAL LEDGER: ? ? ? REVENUES LEDGER: ? ? ? APPROPRIATIONS LEDGERStep by Step Solution
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