Pa 504

• 3-4. Prepare budgetary entries, using general ledger accounts only, for each of the following unrelated situations:

a. Anticipated revenues are $10 million; anticipated expenditures and en cumbrances are $9.8 million.

Debit Credit

Anticipated revenues 10,000,000

Anticipated expenditures 9,800,000

Budgetary Fund Balance 200,000

b. Anticipated revenues are $9.8 million; anticipated expenditures and en cumbrances are $10 million.

Debit Credit

Anticipated revenues 9.800.00

Budgetary Fund Balance 200,000

Anticipated expenditures 10,000,000

c. Anticipated revenues are $10 million; anticipated transfers from other funds are $1.3 million; anticipated expenditures and encumbrances are $9.8 million; anticipated transfers to other funds are $1.2 million.

Debit Credit

Anticipated revenues 10,000,000

Anticipated transfers from other funds 1,300,000

Anticipated expenditures and encumbrances 9,800,000

anticipated transfers to other funds 1,200,000

Budgetary Fund Balance 300,000

d. Anticipated revenues are $9.8 million; anticipated transfers from other funds are $1.2 million; anticipated expenditures and encumbrances are $10 million; anticipated transfers to other funds are $1.3 million.

Debit Credit

Anticipated revenues 9,800,000

Anticipated transfers from other funds 1,200,000

Budgetary Fund Balance 300,000

Anticipated expenditures and encumbrances 10,000,000

Anticipated transfers to other funds.

1,300,000

3-5.The Baker Independent School District passed an appropriations ordinance for the General Fund for a certain fiscal year in the amount of $50 million. Revenues were anticipated from sources other than the property tax in the amount of $24 million. The total assessed value of property in the school district amounts to $600 million. Owners of property have filed for and received household, old age, and other exemptions in the amount of $80 million. It is anticipated that 2 percent of the assessed taxes will not be...