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Question 7 (2 points) The board of commissioners of Perry City approved the city budget for the year starting July 1, 2019, which indicated estimated

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Question 7 (2 points) The board of commissioners of Perry City approved the city budget for the year starting July 1, 2019, which indicated estimated revenue of $1,000,000 and appropriations of $900,000. When the city CLOSES OUT the budget at the end of the fiscal year, the entry would include: A) a debit to Budgetary Fund Balance - Unassigned in the amount of $100,000. (B) a credit to Budgetary Fund Balance - Unassigned in the amount of $100,000. C) . debit to Appropriations in the amount of $900,000. D) . debit to Estimated Revenues in the amount of $1, 000,000. E) both A, and C

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