A city adopted the following budget for its General Fund for 2013. Prepare the journal entry to

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A city adopted the following budget for its General Fund for 2013. Prepare the journal entry to record the budget.

Estimated Revenues

Property taxes.......... $ 9,500,000

Sales taxes ............1,835,000

Fines and forfeits.......... 65,500

Intergovernmental.......... 1,455,250

.................$ 12,855,750

Appropriations

Administration.......... $ 2,250,000

Public safety.......... 4,770,500

Parks and recreation ........1,150,000

Streets ..............3,435,000

Libraries ..............900,000

.................$ 12,505,500

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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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A city adopted the following budget for its General Fund for 2013. Prepare the journal entry to

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Estimated RevenuesProperty taxes 9500000 Estimated RevenuesSales tax...View the full answer

Introduction to Governmental and Not for Profit Accounting

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