The ledger of the General Fund of the City of New Elisa shows the following balances at

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The ledger of the General Fund of the City of New Elisa shows the following balances at the end of the fiscal year. Prepare closing journal entries for these budgetary and financial accounts.

Estimated revenues .......$ 300,000

Appropriations ....... 305,000

Budgetary fund balance...... 5,000

Revenues............ 300,000

Expenditures ..........285,000

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Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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Question Posted: Dec 30, 2014 04:49 AM

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The ledger of the General Fund of the City of New Elisa shows the following balances at

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Appropriations 305000 Estimated revenues 300000 Budge...View the full answer

Introduction to Governmental and Not for Profit Accounting

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