Government JE

Question 1

JE for general obligation bonds issued at par

Answer 1

DB: Cash
CR: Other financing sources

Question 2

JE for approved supplies purchase orders that were issued

Answer 2

DB: Encumbrance
CR: Budgetary Control

Question 3

JE for received supplies and invoices approved

Answer 3

DB: Budgetary Control
CR: Encumbrance

DB: Expenditures Control
CR: Vouchers Payable

Question 4

JE for general fund salaries and wages incurred

Answer 4

DB: Expenditures Control
CR: Vouchers Payable

Question 5

JE for internal service fund inter-fund billings

Answer 5

DB: Due from other funds
CR: Inter-fund revenues

Question 6

JE for revenues earned from previously awarded grant

Answer 6

DB: Deferred inflows of resources
CR: Grant revenues

Question 7

JE for property taxes collected in advance

Answer 7

DB: Cash
CR: Deferred inflows of resources

Question 8

JE for Appropriations recorded at adoption of budget

Answer 8

DB: Estimated revenues
CR: Appropriation control

Question 9

JE for short term financing received from bank

Answer 9

DB: Cash
CR: Tax anticipation N/P

Question 10

JE for excess of estimated inflows over outflows

Answer 10

DB: Estimated revenues
CR: Appropriations
CR: Budget control