Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer E3-5 type it by computer not with hand E34 Budgetary Accounts) indicate which of the following transactions require entries to accounts that are

please answer E3-5
type it by computer not with hand image text in transcribed
E34 Budgetary Accounts) indicate which of the following transactions require entries to accounts that are used only for budgetary control purposes, even if other accounts also are involved 1. Adopted the budget estimated revenues of $5,000,000 and appropriations of $1,000,000 2. Ceved property taxes of $3,500,000. Historically 1% has been uncollectible 3. Pald salaries of $2.700,000 Had a new director of public works at an agreed salary of 500,000 6. Ordered materials and supplies expected to cost 5103.000 0 Amended the propriation for public work to increase it by $10,000 7. Recetve a portion of the materials and supplies order at an actual cost of $51,500 and the estimated cost was 552.000 3.6 (Budgetary and other Entries General Ledger) Prepare the general una entes required for the transactions in E34 Assuming a beginning to fund balance of $1.000.000, w would the local und balance be after taking into consideration the effects of the Tractos O

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

Step: 3

blur-text-image

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

More Books

Students also viewed these Accounting questions

Question

What is meant by Career Planning and development ?

Answered: 1 week ago

Question

What are Fringe Benefits ? List out some.

Answered: 1 week ago

Question

1-4 How will MIS help my career?

Answered: 1 week ago