King City has budgeted the following General Fund revenues and appropriations for the fiscal year 2002.                                                                                  Estimated Revenues:             Taxes                                                              $6,000,000             Licenses and Permits                                     1,200,000             Fines and Forfeits                                              400,000             Intergovernmental Revenues                         2,000,000                         Total Estimates Revenues                  $9,600.00 Appropriations             General Administration                                 $1,700,000             Police                                                                  2,000,000             Fire                                                                     2,300,000             Health and Welfare                                           1,800,000             Public Works                                                     1,900,000                         Total Appropriations                          $9,700,000   Prepare the budgetary entry.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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King City has budgeted the following General Fund revenues and appropriations for the fiscal year 2002.                                                                                 

Estimated Revenues:

            Taxes                                                              $6,000,000

            Licenses and Permits                                     1,200,000

            Fines and Forfeits                                              400,000

            Intergovernmental Revenues                         2,000,000

                        Total Estimates Revenues                  $9,600.00

Appropriations

            General Administration                                 $1,700,000

            Police                                                                  2,000,000

            Fire                                                                     2,300,000

            Health and Welfare                                           1,800,000

            Public Works                                                     1,900,000

                        Total Appropriations                          $9,700,000

 

Prepare the budgetary entry.

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