3-12. Following are transactions and events of the General Fund of the City of Springfield for the fiscal year ended December 31, 2020. 1. Estimated revenues (legally budgeted) $5,641.000 4.830.000 Property taxes Sales taxes Licenses and permits Miscellaneous 1.500.000 500.000 2. Appropriations $5,285,000 General government Culture and recreation Health and welfare 4.210,000 1,000,000 3. Revenues received (cash) Page 79 Property taxes Sales taxes Licenses and $5,545,000 4,700,000 1,700,000 12:12 i Q 3. Revenues received (cash) Page 79 Property taxes Sales taxes Licenses and permits Miscellaneous $5,545,000 4,700,000 1,700.000 800,000 4. Encumbrances issued includes salaries and other recurring items) Estimated $5,275,000 General government Culture and recreation Health and welfare 4,630,000 905,000 5. Goods and services received (paid in cash) Estimated Actual General $5.275,000 $5.285.000 5. Goods and services received (paid in cash) Estimated Actual $5,275,000 $5,285,000 General government Culture and recreation Health and welfare 4,630,000 4.610.000 905,000 890,000 6. Budget revisions Increase appropriations: General government Culture and recreation $140,000 110,000 7. Fund balance on January 1, 2020, 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. 3-13. The town council of Riverside estimated revenues for 2020 to be $685.000 from property