What the budget interchange entry will contain

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Problem 1: Jerusalem City originally adopted the following budget on January 1, 2019: Estimated Revenue $1,000,000; Appropriations-Salaries $800,000; Appropriation-Equipment $700,000, During March, 2019 city increased estimated revenue by $200,000, decreased salaries appropriation by $100,000, and increased equipment appropriation by $50,000. The budget interchange entry will contain:

a. credit appropriation-equipment $50,000.
b. credit estimated revenue for $200,000.
c. credit appropriation-salaries $100,000.
d. debit budgetray fund balance $250,000.

Reference no: EM132830934

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