The city is expected to receive $19,000,000 in revenue from taxes and $1,000,000 in revenue from fines and spend approximately $2,500,000 for General Government and $18,000,000 for Public Safety during the year in operating costs. In addition, the General Fund expects to transfer $100,000 to the Debt Service Fund for interest payments. Prepare the journal entry for the original budget

Answer rating: 100% (QA)

To record the original budget for the citys General Fund you would make the following journal entry ... View the full answer