Advanced Financial Accouynting

8. Record the budget
9. Record the property tax levy.
10. Record property tax collections
11. Record purchase commitments.
12. Reverse for purchase orders received
13. Record actual expenditures.
14. Record payment of vouchers during period.

The general fund of the City of Ramtha has the following information after the book had been closed for the fiscal year ended July 31, 2020. Post closing Trial Balance, July 31, 2019 700 40 Transactions Aug 1, 2019 to July 31, 20 Dr. Cr. 1,820 1852 1870 1828 Post closing Trial Balance July 31, 20 668 82 Cash Receivables (Taxes) Total 740 750 8 132 8 1852 13:40 10 1840 10 120 Allowance for uncollectable Taxes Voucher Payable Fund balance: Assigned for Encumbrances Unassigned Total 70 20 70 600 740 70 50 750 The budget for the fiscal year ended July 31, 2020, provided for estimated revenue of $2000 and appropriates of $1940. Encumbrances of $1070 were made during the year. The general fund of the City of Ramtha has the following information after the book had been closed for the fiscal year ended July 31, 2020. Post closing Trial Balance, July 31, 2019 700 40 Transactions Aug 1, 2019 to July 31, 20 Dr. Cr. 1,820 1852 1870 1828 Post closing Trial Balance July 31, 20 668 82 Cash Receivables (Taxes) Total 740 750 8 132 8 1852 13:40 10 1840 10 120 Allowance for uncollectable Taxes Voucher Payable Fund balance: Assigned for Encumbrances Unassigned Total 70 20 70 600 740 70 50 750 The budget for the fiscal year ended July 31, 2020, provided for estimated revenue of $2000 and appropriates of $1940. Encumbrances of $1070 were made during the year