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Required: Record the budget amendments in the General Fund general journal only. Budgetary items do not affect the government-wide accounting records. Select "Budget Amendment" in the [Description] box in the Detail Journal.

Required: Record the budget amendments in the General Fund general journal only. Budgetary items do not affect the government-wide accounting records. Select "Budget Amendment" in the [Description] box in the Detail Journal.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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10. [Para. 4-a-10] The city's budget for 2023 was legally amended as follows: Estimated Revenues: Decreases Increases $17,500 Property Taxes Interest and Penalties S 22,000 Appropriations: S 8,500 $ 9,000 General Government Public Safety Culture and Recreation $ 13,000 Required: Record the budget amendments in the General Fund general journal only. Budgetary items do not affect the government-wide accounting records. Select "Budget Amendment" in the [Deseription] box in the Detail Journal.
Transcribed Image Text:10. [Para. 4-a-10] The city's budget for 2023 was legally amended as follows: Estimated Revenues: Decreases Increases $17,500 Property Taxes Interest and Penalties S 22,000 Appropriations: S 8,500 $ 9,000 General Government Public Safety Culture and Recreation $ 13,000 Required: Record the budget amendments in the General Fund general journal only. Budgetary items do not affect the government-wide accounting records. Select "Budget Amendment" in the [Deseription] box in the Detail Journal.
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