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Prepare budgetary entries, using general ledger

by | Dec 1, 2023 | Posted Questions

Budgetary Entries

Prepare budgetary entries, using general ledger accounts
only for each of the following unrelated situations.

a. Anticipated
revenues are $10 million; anticipated expenditures and encumbrances are $9.8
million

b. Anticipated
revenues are $9.8 million; anticipated expenditures and encumbrances are $10
million

c. Anticipated
revenues are $10 million; anticipated transfers from other funds are 1.3
million; anticipated expenditures and encumbrances are $9.8 million;
anticipated transfers to other funds are $1.2 million

d. Anticipated
revenues are $9.8 million; anticipated transfers from other funds are 1.2
million; anticipated expenditures and encumbrances are $10 million; anticipated
transfers to other funds are $1.3 million

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