The ledger of the General Fund of the City of New Elisa shows the following balances at the end of..

The ledger of the General Fund of the City of New Elisa shows the following balances at the end of the fiscal year. Prepare closing journal entries for these budgetary and financial accounts. Estimated revenues ……. $ 300,000Appropriations ……. 305,000Budgetary fund balance…… 5,000Revenues………… 300,000Expenditures ………. 285,000
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The ledger of the General Fund of the City of

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