Question
The Town of Willingdon adopted the following General Fund budget for the fiscal year beginning July 1: Estimated revenues: Taxes $ 15,400,000 Intergovernmental revenues 900,000
The Town of Willingdon adopted the following General Fund budget for the fiscal year beginning July 1:
| Estimated revenues: | ||||
| Taxes | $ | 15,400,000 | ||
| Intergovernmental revenues | 900,000 | |||
| Charges for Services | 410,000 | |||
| Fines and forfeits | 130,000 | |||
| Miscellaneous revenues | 80,000 | |||
| Total estimated revenues | $ | 16,920,000 | ||
| Appropriations: | ||||
| General government | $ | 8,100,000 | ||
| Public safety | 6,040,000 | |||
| Public works | 1,590,000 | |||
| Culture and recreation | 990,000 | |||
| Miscellaneous | 120,000 | |||
| Total appropriations | $ | 16,840,000 | ||
Required
a-1. Prepare the general journal entries to record the adopted budget at the beginning of the fiscal year.
a-2. Show entries in the subsidiary ledger accounts.
| TOWN OF WILLINGDON | ||||
| Estimated Revenues Ledger | ||||
| Date | Account Title | Est. Revenues Dr(Cr) | Revenues Cr(Dr) | Balance Dr(Cr)
|
| TOWN OF WILLINGDON | ||||
| Estimated Revenues Ledger | ||||
| Date | Account Title | Est. Revenues Dr(Cr) | Revenues Cr(Dr) | Balance Dr(Cr) |
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Curriculum Alignment A Facilitators Developing Aligning And Auditing
Authors: Betty E. Steffy-English, Fenwick W. English
1st Edition
0803968485, 978-0803968486
