The Bellflower City school district formally adopted a budget wi revenues of $800 and approved expenditures of $780. Which of is the appropriate entry to record the budget? O Debit Estimated revenues $800; Credit Appropriations $780; Credit F $20. Debit Appropriations $780; Debit Fund balance $20; Credit Estimated $800. Debit Encumbrances $780; Debit Fund balance $20; Credit Estimated $800. O Memorandum entry only.

Park City uses encumbrance accounting and formally integrates its budget into the general fund's accounting records. For the year ending July 31, Year 1, the following budget was adopted: Estimated revenues $30,000,000 Appropriations $27,000,000 Estimated transfer to debt service fund $900,000 Park's budgetary fund balance is a $3,000,000 credit balance $3,000,000 debit balance $2,100,000 credit balance O $2,1000,000 debit balance

The journal entry to re-establish an encumbrance from the prior year would include:   Multiple Choice   A debit to Budgetary Fund Balance – Reserve for Encumbrances.   A credit to Appropriations Control.   A credit to Budgetary Encumbrances.   A debit to Encumbrances Control..

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question 19 A county general fund budget includes budgeted revenues of $600 and budgeted expenditures of $595. Actual revenues for the year were $610. To close the Estimated Revenues account at the end of the year a. Debit Estimated Revenues $10 b. Credit Estimated Revenue $10 c. Debit Estimated Revenues $600 d. Credit Estimated Revenues $600 Question 20 Hill City uses encumbrance accounting to control expenditures. However, it charges the cost of outstanding purchase commitments to expenditures in the year they are received, not in the year they are ordered. If Hill City had $5,000 of purchase commitments outstanding at the end of Year 1 and received those goods during Year 2 at a cost of $4,900, what would be the impact on total Fund Balance for Year 2? a. Total Fund Balance at the end of Year 2 would be $4,900 less than at the end of Year 1. b. Total Fund Balance at the end of Year 2 would be $100 less than at the end of Year 1. c. Total Fund Balance at the end of Year 2 would be…

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1.Prepare a tuition revenue budget for the upcoming academic year. 2. Determine the number of faculty members needed to cover classes.