(Answered)-I am needing help on how to record these entries. My textbook - (2025 Updated Original AI-Free Solution

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Type of Paper:

Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

Question

  1. I am needing help on how to record these entries. My textbook does not explain what to do.?
  2. [Para. 4-a-10] The city?s budget for 2017 was legally amended as follows:

Estimated Revenues:

????????????????????????????????????????????????????????????????????? Decreases???????? Increases

Taxes?Sales ?????????????????????????????????????????????????????????????????????? $? 20,000

Charges for Services???????????????????????????????????? $?? 5,000???????????????????????

??? Total????????????????????????????????????????????????????????? $? 5,000?????????? $ 20,000???????????

Appropriations:

Public Works ???????????????????????????????????????????????????????????????????????? $? 3,200

Health and Welfare???????????????????????????????????????????????????? ?? ??????????? 1,750

Culture and Recreation???????????????????????????????? $? 2,000

Miscellaneous???????????????????????????????????????????????? ??? 5,000?????????? ???????????? ??????????????????????????????????? $? 7,000?????????????????????????????????????????????????????????????????????? $? 4,950

??????????? Estimated Other Financing Uses:

??????????? Interfund Transfer Out???????????????????????????????? $ 10,000

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