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Record the entry necessary for the adoption of the budget

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Question - Based on the following information, record the entry necessary for the adoption of the budget for the 2023 fiscal year.

Appropriations $10,000,000

Estimated Revenues $11,418,000

Estimated Other Financing Uses $536,000

Estimated Other Financing Sources $388,000

Fund Balance, June 30, 2021 $1,225,000

Revenues 2022 $10,950,000

Expenditures 2022 $9,784,000

Reference no: EM133184604

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