The board of commissioners of the City of Hartmoore adopts a general fund budget for the year ending June $30,2020.$ It includes revenues of $$1,000,000,$ bond proceeds of $$400,000,$ appropriations of $$900,000,$ and operating transfers out of $$300,000.$

$8.$ If this budget is formally integrated into the accounting records, what journal entry is required at the beginning of the year?

b$.$ If this budget is formally integrated into the accounting records, what later entry is required?

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If this budget is formally integrated into the accounting records, what journal entry is required at the beginning of the year? $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

$1$

Record the entry for the annual budget at the beginning of the year. $($General