The town council adopted an annual budget estimating general revenues of $3,200,000, approved expenditures for general town
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Question:
The town council adopted an annual budget estimating general revenues of $3,200,000, approved expenditures for general town operations of $2,600,000, and use of other financing resources of $240,000.
Required:
Prepare the journal entry to record the budget and identify the fund in which it is recorded.
Posted Date: