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In recording its adopted operating budget, a village debits estimated revenues $1,000,000 and credits appropriations $1,050,000. What additional

In recording its adopted operating budget, a village debits estimated revenues $1,000,000 and credits appropriations $1,050,000. What additional journal entry is necessary?
a. Debit expenditures $50,000
b. Credit expenditures $50,000
c. Debit budgetary fund balance $50,000
d. Credit budgetary fund balance $50,000

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