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33) The general fund of Caldwell had the following operating budget for the fiscal year beginning July 1, 20X9:
| | |
| Estimated Revenues | $ | 5,100,000 | |
| Appropriations | | 4,200,000 | |
| Budgeted Transfer In from Debt Service Fund | | 200,000 | |
| Budgeted Transfer Out to Capital Projects Fund | | 500,000 | |
| | | | | |
When the general fund records its operating budget on July 1, 20X9, Budgetary Fund BalanceUnassigned should be
A) credited for $600,000.
B) debited for $900,000.
C) debited for $600,000.
D) credited for $900,000.
Answer: A
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