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.

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.

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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