Governmental and Nonprofit Accounting Worksheet I Case: The town of Newhaven earmarked part of its property tax levy for

[answerhappygod]

Governmental and Nonprofit
Accounting Worksheet I
Case: The town of
Newhaven earmarked part of its property tax levy for a general
recreation program. The town’s general fund will also contribute to
the effort.
The following transactions occurred
in the fund that accounts for the program activities during the
2012 budget year.
Estimated revenue
----------------------------------------------------$.57,000
Estimated transfer
in GF-----------------------------------------------$.7,000
Appropriation
----------------------------------------------------------$.
60,000
Required: