Record the journal entries related to the budget at the beginning of the year, set up property tax receivables, Journalize the transactions above. Then closing entries.
03 (10 Points) The following budget and transactions relate to the General Fund of the Village of Buffalo Falls for the ear ended December 31. 2017: Estimated revenues Properly tax 400,000 Sales tax 350.000 Fines and penalties 250.000 Rental charges 200,000 Appropriations services 120.000 Travel & Transportations 110,000 Equipments 380.000 Supplies 60.000 Salaries 430.000 If […]