(Solved by Humans)-I am needing help on how to record these entries. My textbook
Question
- I am needing help on how to record these entries. My textbook does not explain what to do.?
- [Para. 4-a-10] The city?s budget for 2017 was legally amended as follows:
Estimated Revenues:
????????????????????????????????????????????????????????????????????? Decreases???????? Increases
Taxes?Sales ?????????????????????????????????????????????????????????????????????? $? 20,000
Charges for Services???????????????????????????????????? $?? 5,000???????????????????????
??? Total????????????????????????????????????????????????????????? $? 5,000?????????? $ 20,000???????????
Appropriations:
Public Works ???????????????????????????????????????????????????????????????????????? $? 3,200
Health and Welfare???????????????????????????????????????????????????? ?? ??????????? 1,750
Culture and Recreation???????????????????????????????? $? 2,000
Miscellaneous???????????????????????????????????????????????? ??? 5,000?????????? ???????????? ??????????????????????????????????? $? 7,000?????????????????????????????????????????????????????????????????????? $? 4,950
??????????? Estimated Other Financing Uses:
??????????? Interfund Transfer Out???????????????????????????????? $ 10,000
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 [Transaction Description] box in the Detail Journal.)
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