The General Fund for Nisland has the following budget for the current year: Estimated Revenues Appropriations Estimated other financing sources Estimated other financing uses $4,500,000 $5,200,000 $800,000 $75,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The General Fund for Nisland has the following budget for the current year:
Estimated Revenues
Appropriations
Estimated other financing sources
Estimated other financing uses
During the year, the actual results were:
Revenues
Expenditures
Other financing sources
Other financing uses
Required: Prepare the Closing Entries for Nisland.
$4,500,000
$5,200,000
$800,000
$75,000
$4,300,000
$5,150,000
$850,000
$70,000
Transcribed Image Text:The General Fund for Nisland has the following budget for the current year: Estimated Revenues Appropriations Estimated other financing sources Estimated other financing uses During the year, the actual results were: Revenues Expenditures Other financing sources Other financing uses Required: Prepare the Closing Entries for Nisland. $4,500,000 $5,200,000 $800,000 $75,000 $4,300,000 $5,150,000 $850,000 $70,000
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