Budgetary Entries
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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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Budgetary Entries are embedded.
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Transaction A
DR: Estimated revenues 10,000,000
CR: Appropriations 9,800,000
CR: Budgetary fund balance 200,000
Transaction B
DR: Estimated ...
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