A Certain Government Passed Its Budget for the Fiscal Year

Multiple Choice

A certain government passed its budget for the fiscal year ended December 31,2015. Estimated Revenues amounted to $13,000,000; Appropriations amounted to $12,000,000; Estimated Other Financing Uses amounted to $700,000; and Estimated Other Financing Sources amounted to $200,000.In the budgetary entry (combining entry) :

A) Budgetary Fund Balance would be credited for $500,000.
B) Budgetary Fund Balance would be debited for $500,000.
C) Budgetary Fund Balance would be debited for $1,000,000.
D) Budgetary Fund Balance would be credited for $1,500,000.