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A town gives recognition in its accounting records to its General Fund budget. Required. 1/1 Record in the General Fund estimated total revenues of $100,000.

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A town gives recognition in its accounting records to its General Fund budget. Required. 1/1 Record in the General Fund estimated total revenues of $100,000. 1/1 Record in the General Fund estimated appropriated expenditures of $80,000. 1/5 Record in the General Fund collection of $105,000 of property taxes. 1/15 Record in the General Fund payment of $65,000 of salaries. 1/20 Record in the General Fund payment of rent of $6,000. 1/31 Record the month end closing entries

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