Solved: The ledger of the general fund of the city of new elisa, Accounting Basics

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The ledger of the general fund of the city of new elisa

Question: (Closing entries) The ledger of the General Fund of the City of New Elisa shows the following balances at the end of the fiscal year. Prepare closing journal entries for these budgetary and financial accounts.

Estimated revenues $300,000

Appropriations 305,000

Budgetry fund balance 5,000

Revenues 300,000

Expenditures 285,000

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Accounting Basics: The ledger of the general fund of the city of new elisa

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Accounting Basics: The ledger of the general fund of the city of new elisa

Reference No:- TGS02500374

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