Business, 26.02.2020 02:21 escojo2508

Recording Adopted Budget. The Town of Willingdon adopted the following General Fund budget for fiscal year 2017:

Estimated revenues:

Taxes $15,000,000

Intergovernmental revenues 1,000,000
Licenses and permits 400,000
Fines and forfeits 150,000
Miscellaneous revenus 100,000
Total estimated revenues $16,650,000

Appropriations:

General government $8,000,000
Public Safety 6,000,000
Public works 1,550,000
Health and welfare 950,000
Miscellaneous 100,000
Total appropriations $16,600,000

Required

Prepare the general journal entries to record the adopted buget at the beginning of FY 2017. Show entries in the subsidiary ledger accounts as well as the general ledger accounts.

Answers: 1

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Recording Adopted Budget. The Town of Willingdon adopted the following General Fund budget for fisca...

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