The Village of Alberts Alley recorded the following budgetary journal entry at the beginning of...
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Accounting
The Village of Alberts Alley recorded the following budgetary journal entry at the beginning of fiscal 2022:
Estimated revenue4,000,000Appropriations3,960,000Budgetary fund balance40,000
At the end of fiscal 2022, what would be the effect on the ending actual fund balance, assuming the following:
a. Actual revenues are equal to estimated revenues, and actual expenditures are $5,600 less than appropriations. The actual ending fund balance would increase by: $Answer
b. Actual revenues are equal to estimated revenues, and actual expenditures are equal to appropriations. The actual ending fund balance would increase by: $Answer
c. Actual revenues exceed estimated revenues by $3,200, and actual expenditures are equal to appropriations. The actual ending fund balance would increase by: $Answer
d. Actual revenues are $2,400 less than estimated revenues, and actual expenditures are $1,600 less than appropriations. The actual ending fund balance would increase by: $Answer
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