If the city projects a $428,000 decrease in the sales tax revenues originally budgeted, how would the change in the projection be recorded Debits Credits a Not recorded because it is a projection and not yet known b Estimated Revenue 428,000 Budgetary Fund Balance 428,000 c Budgetary Fund Balance 4...

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If the city projects a $428,000 decrease in the sales tax revenues originally budgeted, how would the

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If the city projects a $428,000 decrease in the sales tax revenues originally budgeted, how would the change in the projection be recorded?

Debits	Credits
a.	Not recorded because it is a projection and not yet known.
b.	Estimated Revenue	428,000
Budgetary Fund Balance	428,000
c.	Budgetary Fund Balance	428,000
Estimated Revenue	428,000
d.	Revenue	428,000
Fund Revenue	428,000

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Mar 01, 2022 04:57 AM

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If the city projects a $428,000 decrease in the sales tax revenues originally budgeted, how would the

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