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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: Which of the following budgetary entries would the town of Geneva make upon adop
Post by: goji.go on Oct 21, 2014
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
A.   Appropriations
Budgetary Fund Balance
   Estimated Revenues   $6,080,000
320,000   

$6,400,000
B.   Estimated Revenues
   Appropriations
   Budgetary Fund Balance   $6,400,000   
$6,080,000
320,000
C.   Expenditures
Budgetary Fund Balance
   Revenues   $6,080,000
320,000   

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


Title: Re: Which of the following budgetary entries would the town of Geneva make upon adop
Post by: f_zah1 on Oct 22, 2014
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Title: Re: Which of the following budgetary entries would the town of Geneva make upon adop
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: Which of the following budgetary entries would the town of Geneva make upon adop
Post by: f_zah1 on Oct 23, 2014
You're very welcome!