The following information was abstracted from the accounts of the general fund of the City of Lahti
Question:
The following information was abstracted from the accounts of the general fund of the City of Lahti after the books had been closed for the fiscal year ended June 30, 2016:
ADDITIONAL INFORMATION:
The budget for the fiscal year ended June 30, 2016, provided for estimated revenues of $2,000,000 and appropriations of $1,940,000.
REQUIRED:
Prepare journal entries to record the budgeted and actual transactions for the fiscal year ended June 30, 2016.
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Related Book For
Advanced Accounting
ISBN: 978-0134472140
13th edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
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