The County Commission of Benton County Adopted Its General Fund

Multiple Choice

The County Commission of Benton County adopted its General Fund budget for the year ending June 30,comprising estimated revenues of $3,200,000 and appropriations of $2,900,000.Benton County utilizes the budgetary accounts required by GASB standards.The budgeted excess of estimated revenues over appropriations will be recorded as

A) A credit to Surplus Revenues,$300,000.
B) A debit to Estimated Excess Revenues,$300,000.
C) A credit to Budgetary Fund Balance,$300,000.
D) A memorandum entry only.