Question
Prepare journal entries to record the following revisions to the adopted budgets. A town council, after receiving complaints from citizens about the poor condition of
Prepare journal entries to record the following revisions to the adopted budgets.
A town council, after receiving complaints from citizens about the poor condition of the streets, amended the towns budget. It increased the Streets and Bridges appropriation by $345,000 and reduced the Public Safety appropriation by a like amount.
Account Type
Appropriations public safety
Appropriations streets and bridges
Appropriations transportation department
Budgetary fund balance
Expenditures - public safety
Expenditures streets and bridges
Expenditures - transportation department
Journal entry 2. Account Appropriations - streets and bridges Appropriations - public safety To record budget revision. Debit 345,000 0 Credit 0x 345,000 *
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