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Budgetary transactions and events Prepare journal entries to record the following transactions and events that occurred in Marilyn County during calendar year 2022: 1. The
Budgetary transactions and events Prepare journal entries to record the following transactions and events that occurred in Marilyn County during calendar year 2022: 1. The legislature adopted the following budget: 2. The Parks department placed PO20221 for strubbery in the amount of $46,800 and PO2022.2 for gardening supplies in the amount of $9,900. The orders were charged to the appropriation for Parks department-plants and supplies. 3. The supplier delivered the shrubbery ordered on PO 2022.1; however, the supplier said he could not deliver some of the shrubs because he no longer carried them The invoice for $44,100 was approved and forwarded to the comptroller's office for payment: the rest of the order ( $2,700) was cancelled. 4. The supplier delivered the gardening supplies ordered on PO 2022-2. She sent an invoice for $10,030 because some of the items were of a higher quality than ordered The Parks department accepted the entire delivery and forwarded the invoice for payment: 5. Based on a mid-year review of economy, the finance director concluded that sales tax revenues would be less than the original estimate. As a fesult, the legislature amended the budget, reducing the sales tax estimate by 545,000 and the Parks department-plants and supplies appropriation by 531,500 . Note: For transaction 2., combine PO amounts to record journal entry
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