On January 1, 2091, The Province Council approved budgets for 2091 as follows: Prepare a budget for
Question:
On January 1, 2091, The Province Council approved budgets for 2091 as follows: Prepare a budget for 2091
Budget Items | Province Government (General Fund) | Capital Additions | Bureau of Electricity and Water |
Revenue and other financing sources Property Taxes Sales Taxes Fees, Licenses, and Permits Charges for Services (Bureau) Program Fees: Education Intergovernmental grants Transfer from General Fund Proceeds from Bond Issues | $3,665,000 750,000 250,000 70,000 510,000 | $ 500,000 2,500,000 | $3,250,000 300,000 1,250,000 |
Expenditures/expenses and other financing uses: General government operations Public Safety Education Operating expenses (Bureau) Capital Outlays Transfers to other funds | 1,500,000 1,400,000 1,190,000 1,100,000 | 2,750,000 | 3,000,000 1,875,000 |
Please provide T-accounts and balances on the following entries and an explanation
Estimated revenue XXX
Estimated other financing use xxx
Appropriations xxx
Budgetary Fund Balance xxx
Accounting Principles
ISBN: 978-1118342190
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso