Prepare budgetary entries, using general ledger control accounts only, for each of the following unrelated...
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Accounting
Prepare budgetary entries, using general ledger control accounts only, for each of the following unrelated situations: (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0).)
Anticipated revenues are $14.1 million; anticipated expenditures and encumbrances are $10.2 million.
Anticipated revenues are $9.5 million; anticipated expenditures and encumbrances are $10.2 million.
Anticipated revenues are $11.1 million; anticipated transfers from other funds are $1.6 million; anticipated expenditures and encumbrances are $9.8 million; anticipated transfers to other funds are $0.7 million.
Anticipated revenues are $10.1 million; anticipated transfers from other funds are $1.5 million; anticipated expenditures and encumbrances are $10.9 million; anticipated transfers to other funds are $1.6 million.
No
Event
General Journal
Debit
Credit
A
a.
Estimated Revenues Control
Appropriations Control
Budgetary Fund Balance
B
b.
Estimated Revenues Control
Budgetary Fund Balance
Appropriations Control
C
c.
Estimated Revenues Control
Estimated Other Financing Sources Control
Appropriations Control
Estimated Other Financing Uses Control
Budgetary Fund Balance
D
d.
Estimated Revenues Control
Estimated Other Financing Sources Control
Budgetary Fund Balance
Appropriations Control
Estimated Other Financing Uses Control
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