Question
And this one please? (Journal entries and subsidiary ledgers) The events and transactions listed below took place in the General Fund of Lawton City during
And this one please?
(Journal entries and subsidiary ledgers) The events and transactions listed below took place in the General Fund of Lawton City during fiscal 2013. Prepare the necessary general journal entries. 1. The General Fund annual operating budget was adopted as follows: Estimated Revenues Property taxes $2,550,000 Charges for services 400,000 Miscellaneous 175,000 $3,125,000 Appropriations Administration $ 465,000 Public safety 1,860,000 Roads and bridges 930,000 $3,255,000 2. Purchase orders were issued for supplies with the following estimated costs: Administration $ 465,000 Public safety 1,860,000 Roads and bridges 930,000 $3,255,000 3. Revenues were received in cash as follows: Property taxes $2,005,000 Charges for services 248,000 Miscellaneous 65,000 $2,318,000 4. Some of the supplies ordered in transaction 2 were received and accepted, and vouchers were approved for payment, as follows. (Amounts shown in the Estimated column are the purchase order amounts; amounts shown in the Actual column are the approved invoice amounts.) Estimated Actual Administration $ 265,000 $ 263,500 Public safety 902,000 902,000 Roads and bridges 776,000 776,000 $1,943,000 $1,941,500 5. Additional revenues were received in cash as follows: Property taxes $535,000 Charges for services 155,000 Miscellaneous 111,000 $801,000 6. Additional purchase orders from transaction 2 were fulfilled with the following estimated and actual costs: Estimated Actual Administration $200,000 $ 201,000 Public safety $948,000 $947,000 Roads and bridges $154,000 $153,500 $1,302,000 $1,301,50
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