The following information was abstracted from the accounts of the general fund of the City of Noble after the books had been closed for the fiscal year ended June 30, 20X2.

\section*{Additional Information}
The budget for the fiscal year ended June 30, 20X2, provided for estimated revenue of \(\$ 2,000,000\) and appropriations of \(\$ 1,940,000\). Encumbrances of \(\$ 1,070,000\) were made during the year.
\section*{Required}
Prepare proper journal entries to record the budgeted and actual transactions for the fiscal year ended June \(30,20 X 2\). Include closing entries.

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Cash Taxes Receivable Postclosing Trial Balance. June 30, 20X1 $700.000 40.000 Transactions July 1. 20X1-June 30, 20X2 Postclosing Trial Balance. Debit Credit June 30, 20X2 $1.820.000 1.870.000 $1,852.000 1.828,000 $668.000 82.000 $750,000 Total $740.000 Allowance for Uncollectible Taxes $ 8,000 Vouchers Payable 132.000 8,000 1.852.000 10.000 $ 10,000 1.840.000 120.000 Fund Balance: Reserve for Encumbrances 70.000 70,000 Unreserved Total 600.000 70.000 20,000 550.000 $740.000 $750.000