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During the Year, Nathan Township Amended Their General Fund Budget \quad

Question 12

Short Answer

During the year, Nathan Township amended their General Fund budget to reflect an increase in appropriations of $50,000 to be funded by an appropriation of existing fund balance. What would the necessary budgetary entry be to reflect this amendment? \quad \quad \quad \quad \quad \quad \quad \quad \quad  Debit  Credit \begin{array}{lrr}&\text { Debit } & \text { Credit }\end{array}
A)
 Appropriations $50,000 Revenues 50,000\begin{array}{lcc}\text { Appropriations } \quad\quad\quad& \$ 50,000 & \\\quad \text { Revenues } & & 50,000 \\\end{array}
B)
 Appropriations $50,000 Budgetary Fund Balance 50,000\begin{array}{lcc}\text { Appropriations } & \$ 50,000 & \\\quad \text { Budgetary Fund Balance } & & 50,000 \\\end{array}
C)
 Revenues $50,000 Appropriations $50,000\begin{array}{lcc}\text { Revenues } &\quad\quad\quad\quad \$ 50,000\\\text { Appropriations }& & \$ 50,000 \\\end{array}
D)
 Budgetary Fund Balance 50,000 Appropriations $50,000\begin{array}{lcc}\text { Budgetary Fund Balance } & 50,000 \\\quad \text { Appropriations } && \$ 50,000 \\\end{array}

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