Prepare the general journal entry to properly record the following transaction or event in the appropriate...

  

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Prepare the general journal entry to properly record the following transaction or event in the appropriate general ledger accounts of the appropriate funds as required by the problem. Subsidiary ledger entries are NOT required. Identify the fund for which the entry is being prepared. Prepare your entries in the format specified. Use standard fund-type terminology. Appropriate abbreviations are acceptable (e.g., GF, DSF #25, etc.) • Use a series of each type of nominal account (e.g., Revenues-Taxes, Revenues-Other, Expenditures-Operating- General Government, Expenditures-Debt Service-Interest, OFS-Transfers In-ISF, OFU-Transfers Out-SRF, etc.), except for budgetary entries where no additional detail is required. • Do not include formal entry explanations or dates, but include any important assumptions made. . Record the General Fund entries for the City of Dandridge in the lined space below. 1. The City Council adopted the following operating budget for the fiscal year: ESTIMATED REVENUES Taxes Intergovernmental. Other APPROPRIATIONS General Government $650,000 Total Estimated Revenues $1,200,000 Highways and Streets 500,000 50,000 $250,000 750,000 APPROPRIATIONS General Government Highways and Streets Other Total Appropriations 1 Trans No. 1 A BI Fund or Nonfund Account I $250,000 750,000 50,000 $1,050,000 ili Description ос Dr. Cr. Prepare the general journal entry to properly record the following transaction or event in the appropriate general ledger accounts of the appropriate funds as required by the problem. Subsidiary ledger entries are NOT required. Identify the fund for which the entry is being prepared. Prepare your entries in the format specified. Use standard fund-type terminology. Appropriate abbreviations are acceptable (e.g., GF, DSF #25, etc.) • Use a series of each type of nominal account (e.g., Revenues-Taxes, Revenues-Other, Expenditures-Operating- General Government, Expenditures-Debt Service-Interest, OFS-Transfers In-ISF, OFU-Transfers Out-SRF, etc.), except for budgetary entries where no additional detail is required. • Do not include formal entry explanations or dates, but include any important assumptions made. . Record the General Fund entries for the City of Dandridge in the lined space below. 1. The City Council adopted the following operating budget for the fiscal year: ESTIMATED REVENUES Taxes Intergovernmental. Other APPROPRIATIONS General Government $650,000 Total Estimated Revenues $1,200,000 Highways and Streets 500,000 50,000 $250,000 750,000 APPROPRIATIONS General Government Highways and Streets Other Total Appropriations 1 Trans No. 1 A BI Fund or Nonfund Account I $250,000 750,000 50,000 $1,050,000 ili Description ос Dr. Cr.

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