A. The Smallville city council just approved the budget for the new year. Revenues are estimated to be $85,000,000. Other financing sources are estimated to be $750,000. Other financing uses are estimated to be $100,000. And appropriations of $83,500,000 were approved.
1. Account.
2. Debit.
3. Credit.
B. The Smallville city council revised its original budget. Revenues are now expected to be $900,000 less than originally budgeted, while expenditures are expected to be $1,000,000 more.
1. Account.
2. Debit.
3. Credit.
C. Smallville ordered five personal computers for its office staff. The price was $600 each for a total of $3,000.
1. Account.
2. Debit.
3. Credit.
D. Four of the computers ordered above were received. The other computer has been back-ordered. The invoice for the four that were received indicates a total cost, including sales tax, of $2,544.
1. Account.
2. Debit.
3. Credit.
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A. The Smallville city council just approved the budget for the new year. Revenues are estimated to...
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