Assume a budget for City has been approved and the following information is available:
Estimated inflow from revenue $900,000
Estimated inflow from general long term debt $100,000
Transfer from other funds $250,000
Sales of fixed Assets $300,000
Estimated outflows expenditures$1,200,000
Transfer to other funds $ 370,000
Record the above events in a general journal

Question

Quizplus · Accepted Answer

The Answer of Assume a budget for City has been approved and the following information is available:
Estimated inflow from revenue $900,000
Estimated inflow from general long term debt $100,000
Transfer from other funds $250,000
Sales of fixed Assets $300,000
Estimated outflows expenditures$1,200,000
Transfer to other funds $ 370,000
Record the above events in a general journal

Assume a Budget for City Has Been Approved and the Following