Author Question: At the beginning of the year, a town adopted a budget based on estimated revenues of 1,800,000 and ... (Read 67 times)

stevenposner · **on:** Jul 5, 2018

At the beginning of the year, a town adopted a budget based on estimated revenues of 1,800,000 and appropriations of 1,780,000 .

Because of an emergency late in the year, the town found it necessary to increase the sanitation department appropriation by 8,000 . What entry should the town make to record the emergency appropriation?
a. debit estimated revenues; credit appropriations for 8,000
b. debit appropriations; credit budgetary fund balance for 8,000
c. debit budgetary fund balance; credit appropriations for 8,000
d. debit appropriations; credit estimated revenues for 8,000

Question 2

Bubbles are labelled with verbs in a ____________ data flow diagram.
Fill in the blank(s) with correct word