Question: Prepare budgetary entries, using general ledger control accounts only, for each of the following unrelated situations: A. Anticipated revenues are $11.1 million; anticipated expenditures and
Prepare budgetary entries, using general ledger control accounts only, for each of the following unrelated situations:
A. Anticipated revenues are $11.1 million; anticipated expenditures and encumbrances are $9.7 million.
B. Anticipated revenues are $9.7 million; anticipated expenditures and encumbrances are $10.2 million.
C. Anticipated revenues are $10.2 million; anticipated transfers from other funds are $1.3 million; anticipated expenditures and encumbrances are
$9.7 million; anticipated transfers to other funds are $0.9 million.
D. Anticipated revenues are $9.9 million; anticipated transfers from other funds are $1.1 million; anticipated expenditures and encumbrances are $10 million; anticipated transfers to other funds are $1.3 million.
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