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Required Information [The following Information applies to the questions displayed below.] Following is Grant County's debt service fund pre-closing trial balance for the fiscal
Required Information [The following Information applies to the questions displayed below.] Following is Grant County's debt service fund pre-closing trial balance for the fiscal year ended June 30. GRANT COUNTY Debt Service Fund Pre-closing Trial Balance June 30 Cash Investments Fund Balance-Restricted Debits $ 292,000 68,000 Credits $ 70,200 Budgetary Fund Balance ? Estimated Revenue Estimated Other Financing Sources Revenue-Sales Taxes Revenue-Investment Earnings Other Financing Sources-Interfund Transfers In Other Financing Sources-Proceeds of Refunding Bonds Estimated Other Financing Uses 6,530,000 2,682,200 1,528,100 13,700 169,000 7,430,000 7,430,000 Appropriations 1,421,000 Expenditures-Bond Interest 541,000 Expenditures-Bond Principal 880,000 Other Financing Uses-Payment to Escrow Agent 7,430,000 Using Information provided by the trial balance, answer the following. Required a. Assuming the budget was not amended, what was the budgetary journal entry recorded at the beginning of the fiscal year? (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View fraction lat Journal entry worksheet Record the budgetary Journal Entry at the beginning of the fiscal year. Note: Enter debits before credits. Date Jun 30 General Journal Debit Credit Record entry Clear entry Vw general journal b. What is the budgetary fund balance? Budgetary Fund Balance
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