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Which of the following budgetary entries would the town of Geneva make upon adoption of its Special Revenue Fund Budget for the year? Assume the

Which of the following budgetary entries would the town of Geneva make upon adoption of its Special Revenue Fund Budget for the year? Assume the following: Estimated Revenues $6,400,000 Appropriations 6,080,000

DEBIT CREDIT

Appropriations $6,080,000 budgetary Fund Balance 320,000 Estimated Revenues $6,400,000

Estimated Revenues $6,400,000 Appropriations $6,080,000 Budgetary Fund Balance 320,000

Expenditures $6,080,000 Budgetary Fund Balance 320,000 Revenues $6,400,000

Appropriations $6,400,000 Estimated Revenues $6,400,000

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