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
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.
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
