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The city is expected to receive $19,000,000 in revenue from taxes and $1,000,000 in revenue from fines and spend approximately $2,500,000 for General Government and
The city is expected to receive $19,000,000 in revenue from taxes and $1,000,000 in revenue from fines and spend approximately $2,500,000 for General Government and $18,000,000 for Public Safety during the year in operating costs. In addition, the General Fund expects to transfer $100,000 to the Debt Service Fund for interest payments. Prepare the journal entry for the original budget
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To record the original budget for the citys General Fund you would make the following journal entry ...
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
