Reference no: EM131754350

Question - The Chesepeake City Council approved and adopted its budget for FY 2008. The budget contained the following amounts

Estimated Revenues $900,000

Appropriation $860,00

Authorized transfer to the debt service fund $30,000

During FY 2008, various transactions and events ocurred that affected the general fund. Select whether each account given below should be debited, credited, or is not affected

Recording the FY 2008 property tax levy in the general fund. It was estimated that $6,000 would be uncollectible

1. Propert Tax ____

2. Bad debt expense ___

3. Allowance for uncollectibles-current ___

4. Revenues ___

5. Estimated Revenues ____