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73.The Fort Worth city council approved and adopted its budget

Question : 73.The Fort Worth city council approved and adopted its budget

73.The Fort Worth city council approved and adopted its budget for FY 2017. The budget for the General Fund contained the following amounts:

Estimated revenues$1,900,000

Appropriations1,860,000

Authorized transfer to the debt service fund30,000

When the General Fund budget for FY 2017 is recorded, indicate whether each of the following accounts should be debited (D), credited (C), or is not affected (N).

_____ 1.Estimated revenues

 _____ 2.Budgetary Fund balance

 _____ 3.Appropriations

 _____ 4.Estimated other financing uses

 _____ 5.Expenditures

74.The City of Timberline recorded its FY 2017 property tax levy in the General Fund. It was estimated that $60,000 would be uncollectible. When the tax levy is recorded, indicate whether each of the following accounts of the General Fund should be debited (D), credited (C), or is not affected (N).

_____ 1.Taxes Receivable Current

 _____ 2.Deferred Inflow of Resources

 _____ 3.Estimated Uncollectible Current Taxes

 _____ 4.Revenues

 _____ 5.Estimated revenues

3-1

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