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Prepare journal entries to integrate budget

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Reference no: EM132004415

Question - Towamencin Township enters the budget in the accounting records for the general fund.

Estimated spending of $2,100,000 and Prop Tax Revenues of $2,300,000. Also, they plan on bond issuance of $1,000,000 and transfers to their hot tub enterprise fund of $1,300,000.

Prepare journal entries to integrate budget and close out at the year end of 7/1/14-6/30/15.

Reference no: EM132004415

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