Prepare journal entries to record the following revisions to the adopted budgets. 1. The City Commission of the City of Sarasota, Florida, amended the budget for the fiscal year 2017 by providing an appropriation for $57,232 to examine its methodology for making traffic studies. To finance the appropriation, the Commission designated "Use of fund balance." (Assume the appropriation was made to the Transportation Department.) 2. A town council, after receiving complaints from citizens about the poor condition of the streets, amended the town's budget. It increased the Streets and Bridges appropriation by $300,000 and reduced the Public Safety appropriation by a like amount.

1) Debit Budgetary Fund Balance and Credit Transportation account

2) Debit Public Safety Appropriations a/c and Credit Streets and Bridges Appropriation A/c

Explanation:

The question is to show the journal entries revisions to the budget already adopted by the City Commission of the City of Sarasota, Florida

Question 1: Appropriation for $57,232

Particulars Debit Credit

Budgetary Fund Balance $57,232

Transportation - Appropriation A/c $57,232

This is the record of budgetary revision in relations to the additional fund appropriation to Transport department

Question 2: Streets and Bridges Appropriation

Particulars Debit Credit

Public Safety - Appropriations A/c $300,000

Streets and Bridges - Appropriation A/c $300,000

Being the record of the budgetary revision relating to fund re appropriation to Streets and Bridges from Public Safety