What is the journal entry

Reference no: EM13276803

As of Jan 1, 2014, the City Council approved and the mayor signed a budget calling for $10,750,000 in property tax and other revenue, $9,255,000 in appropriations for expenditures, and $1,280,000 to be transferred to two debt service funds for the payment of principal and interest. Record the budget for the General Fund and post to the ledger. What is the Journal Entry?

Reference no: EM13276803

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What is the journal entry : City Council approved and the mayor signed a budget calling for $10,750,000 in property tax and other revenue, $9,255,000 in appropriations for expenditures, and $1,280,000 to be transferred to two debt service funds for the payment of principal and ..

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