Prepare budgetary entries, using general ledger control accounts only, for each of the following unrelated situations:

Anticipated revenues are $13.9 million; anticipated expenditures and encumbrances are $9.8 million.

Anticipated revenues are $9.4 million; anticipated expenditures and encumbrances are $10.1 million.

Anticipated revenues are $10.9 million; anticipated transfers from other funds are $1.4 million; anticipated expenditures and encumbrances are $9.6 million; anticipated transfers to other funds are $0.9 million.

Anticipated revenues are $9.9 million; anticipated transfers from other funds are $1.7 million; anticipated expenditures and encumbrances are $10.7 million; anticipated transfers to other funds are $1.2 million.

Anticipated revenues are $13.9 million; anticipated expenditures and encumbrances are $9.8 million.

Anticipated revenues are $9.4 million; anticipated expenditures and encumbrances are $10.1 million.

Anticipated revenues are $10.9 million; anticipated transfers from other funds are $1.4 million; anticipated expenditures and encumbrances are $9.6 million; anticipated transfers to other funds are $0.9 million.

Anticipated revenues are $9.9 million; anticipated transfers from other funds are $1.7 million; anticipated expenditures and encumbrances are $10.7 million; anticipated transfers to other funds are $1.2 million.

Answer rating: 100% (QA)

Budgetary entries using general ledger control accounts only 1 Anticipated revenues Credit Estimated ... View the full answer