Question: I NEED HELP ON HOW TO MAKE ENTRIES FOR THIS PLEASE 17. [Para 421-17] In view of unexpected revenue and expenditure developments the city council

I NEED HELP ON HOW TO MAKE ENTRIES FOR THIS PLEASE

17. [Para 421-17] In view of unexpected revenue and expenditure developments the city council revised the budgets for the current year as shown below: Budget Adjustments Estimated Revenues: Property Tax $ 40,000 increase Sales Tax 25,000 decrease Interest and Penalties 25,000 decrease Appropriations: Public Safety $ 10,000 decrease General Government 5,000 increase Required: Record the budget amendments in the General Fund general journal only. Budgetary items do not affect the government-wide accounting records. (Note: Select \"Budget Amendment\" in the [Description] field in the Detail Journal.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

For purposes of external reporting, not-for-profits-unlike governments in their governmental funds-do not distinguish between plant and other types of resources, In 20X0, the Northwest Ballet...

I NEED HELP ON HOW TO MAKE ENTRIES FOR THIS PLEASE 17. [Para 421-17] In view of unexpected revenue and expenditure developments the city council revised the budgets for the current year as shown...

I NEED HELP ON HOW TO MAKE ENTRIES FOR THIS PLEASE 17. [Para. 4a-17] In view of unexpected revenue and expenditure developments the city council revised the budgets for the current year as shown...

Please help me prepare the journal entries for city of Bingham, chapter 4 2020 Bingham each entry affecting budgetary accounts or operating statement accounts, the Detail Journal will automatically...

please I need this completed asap. If you need the username and password to log-in let me know \fInstructions City of Bingham Computerized Cumulative Problem For use with McGraw-Hill/Irwin Accounting...

I need Chapter 5 and Chapter 6 solutions to the "City of Bingham" continuous accounting problem from the 16e "Accounting for governmental & nonprofit entities" book. Instructions are posted...

At the year end, an analysis by the city?s finance department determined the following constraints on resources in the general fund. Prepare the appropriate journal entry in the general fund to...

i need all Journal entries for chapter 4 only see the file Instructions City of Bingham Computerized Cumulative Problem For use with McGraw-Hill/Irwin Accounting for Governmental & Nonprofit Entities...

Chapter 4 Recording Operating Transactions Affecting the General Fund and Governmental Activities at the Government-wide Level 3. [Para. 4a-3] Purchase orders, contracts, and other commitment...

When a 2 kg body is suspended by a spring, the spring is stretched. If the body is pulled down slightly and released, it oscillates up and down. What force is applied on the body by the spring when...

Explain how technological improvements can increase an FIs interest and noninterest income and reduce interest and noninterest expenses. Use some specific examples.

An effective way for an MNC to assess its economic exposure is to review the firm's: income statement. lipuidity. retained eamings. level of stockholders' equity.

Exercise 12-7 Sell or Process Further Decisions [LO12-7] Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off...