Question

3-4. Prepare budgetary entries, using general ledger control accounts only, for each of the following unrelated situations: a. Anticipated revenues are $10.8 million; anticipated expenditures and encumbrances are $9.4 million. b. Anticipated revenues are $9.7 million; anticipated expenditures and encumbrances are $10.1 million. c. Anticipated revenues are $10.2 million; anticipated transfers from other funds are $1.3 million; anticipated expenditures and encumbrances are $9.7 million; anticipated transfers to other funds are $0.9 million. d. Anticipated revenues are $9.9 million; anticipated transfers from other funds are $1.1 million; anticipated expenditures and encumbrances are $10 million; anticipated transfers to other funds are $1.1 million, 3-5. For each of the summarized transactions for the Village of Sycamore General

Answer 1

Sr. No.	Particulars	Debit	Credit
a	Estimated Revenues Control	10,800,000
	Appropriations Control		9,400,000
	Budgetary Fund Balance		1,400,000
b	Estimated Revenues Control	9,700,000
	Budgetary Fund Balance	400,000
	Appropriations Control		10,100,000
c	Estimated Revenues Control	10,200,000
	Estimated Other Financing Sources Control	1,300,000
	Appropriations Control		9,700,000
	Estimated Other Financing Uses Control		900,000
	Budgetary Fund Balance		900,000
d	Estimated Revenues Control	9,900,000
	Estimated Other Financing Sources Control	1,100,000
	Budgetary Fund Balance	100,000
	Appropriations Control		10,000,000
	Estimated Other Financing Uses Control		1,100,000