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The printout of the Revenues and Appropriations

subsidiary ledger accounts #6780


The printout of the Revenues and Appropriations subsidiary ledger accounts for the General
Fund of the City of Augusta as of March 31, 2017, appeared as follows:RequiredAssuming that
this printout is correct in all details and that there are no other General Fund revenue or
expenditure transactions, answer the following questions. Show all necessary computations in
good form.a. What were the original approved budget amounts for Estimated Revenues and for
Appropriations?b. (1) Was the Estimated Revenues budget adjusted during the year?(2) If so,
by how much?(3) If so, was the original budget increased or decreased?c. (1) What are the
current balances of the Estimated Revenues and Appropriations control accounts?(2) What are
the current balances of the Revenues and Expenditures control accounts?(3) What do these
balances indicate?View Solution:
The printout of the Revenues and Appropriations subsidiary ledger accounts

ANSWER
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