Relationship between budgetary fund balance and actual fund balance The Village of Albertâ€™s Alley recorded the...

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Accounting

Relationship between budgetary fund balance and actual fundbalance The Village of Albertâ€™s Alley recorded the followingbudgetary journal entry at the beginning of fiscal 2019: Estimatedrevenue 5,000,000 Appropriations 4,950,000 Budgetary fund balance50,000 At the end of fiscal 2019, what would be the effect on theending actual fund balance, assuming the following: a. Actualrevenues are equal to estimated revenues, and actual expendituresare $7,000 less than appropriations. b. Actual revenues are equalto estimated revenues, and actual expenditures are equal toappropriations. c. Actual revenues exceed estimated revenues by$4,000, and actual expenditures are equal to appropriations. d.Actual revenues are $3,000 less than estimated revenues, and actualexpenditures are $2,000 less than appropriations. NOTE: If there isno effect on the actual fund balance, leave Amount blank (zero) andselect \"N/A\" as your answer.

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Solution Given data Estimated revenue 5000000 Appropriations 4950000 Budgetary fund balance 50000 Here we need to find out that what would be the effect on the ending See Answer

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