Question - Towamencin Township enters the budget in the accounting records for the general fund.
Estimated spending of $2,100,000 and Prop Tax Revenues of $2,300,000. Also, they plan on bond issuance of $1,000,000 and transfers to their hot tub enterprise fund of $1,300,000.
Prepare journal entries to integrate budget and close out at the year end of 7/1/14-6/30/15.