Following are transactions and events of the General Fund of the City of Springfield for the fiscal year ended December 31, 2017.

1. Estimated revenues (legally budgeted)

2. Appropriations

3. Revenues received (cash)

4. Encumbrances issued (includes salaries and other recurring items)

5. Goods and services received (paid in cash)

6. Budget revisions

7. Fund balance on January 1, 2017, was $753,000. There were no outstanding encumbrances at that date.

a. Record the transactions using appropriate journal entries.
b. Prepare a budgetary comparison schedule for the General Fund.