CF - Budget Entries

Question 1

To Record Original Budget

Answer 1

Debit - Suplus Anticiapted
Debit - Misc Revenues Anticipated
Debit - Receipts from Delinquent Taxes
Debit - Amount to be raised by Taxation

Credit - Salries
Credit - Other Expenes
(Budget Appropriations)

Question 2

To Realize Surplus Anticiapted

Answer 2

Debit - Fund Balance
Credit - Revenue: Surplus anticipated

Question 3

To Charge Budget (RUT)

Answer 3

Debit - RUT
Credit - Amount to be raised by taxation

Question 4

Interest Entry

Answer 4

Debit - Cash
Credit - Anticipated Revenue - Interest on Investments

Question 5

To Record Interfund ( Capital Fund )

Answer 5

Debit - Due from Current Fund
Credit - Capital Improvement Fund

Question 6

To Lapse Debt Service

Answer 6

Debit - Appropropriations: Interest or princpal on Bonds
Credit - Budget Operations

Question 7

Interest Earned from Another Acccount - not record

Answer 7

Capital Fund
Debit - Cash
Credit - Due to Current Fund
To record cash entry

Current Fund
Debit - Due from General Capital Fund
Credit - Interest on Investments
To Record interfund

Question 8

Charge Budget for Speical Emergency Appropriations