7 The Town of Willingdon adopted the following General Fund budget for the fiscal year beginning July 1: Estimated revenues: 1.25 points Taxes Skipped $14,200,000 1,200,000 444,000 190,000 140,000 $16,174,000 Intergovernmental revenues Licenses and permits Fines and forfeits Miscellaneous revenues Total estimated revenues Appropriations: General government Public safety Public works Health and welfare Miscellaneous Total appropriations eBook $ 7,800,000 5,920,000 1,470,000 870,000 60,000 $16,120,000 References Required a-1. Prepare the general journal entries to record the adopted budget at the beginning of the fiscal year. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the budget appropriations. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Record entry Clear entry View general journal a-2. Show entries in the subsidiary ledger accounts. TOWN OF WILLINGDON Revenues Ledger Est. Revenues Dr(Cr) Revenues Cr(Dr) Balance Dr(Cr) Year Account Title Taxes July 01 July 01 July 01 July 01 July 01 Intergovernmental Revenues Licenses and Permits Fines and Forfeits Miscellaneous Revenues TOWN OF WILLINGDON Appropriations Ledger Account/Description Encumbrances Encumbrances Encumbrances Increase Decrease Balance Dr Cr Dr(Cr) Expenditures Dr(Cr) Expenditures Balance Dr(Cr) Appropriation Cr(Dr) Balance Cr(Dr) General Government Public Safety 0 Public Works 0 Health and Welfare 0 Miscellaneous 0