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Can someone please help me with these journal entries? The To fiscal $2,700,00 wn of Bedford Falls approved a General Fund operating budget for the

Can someone please help me with these journal entries? image text in transcribed
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The To fiscal $2,700,00 wn of Bedford Falls approved a General Fund operating budget for the year ending June 30, 2017. The budget provides for estimated revenues of o as follows: property taxes, $1,900,000: licenses and permits, 00; fines and forfeits, $250,000; and intergovernmental (state grants), . The budget approved appropriations of $2.650,000 as follows: Gen- $200,000 eral Government, $500,000: Public Safety, $1,600,000; Public Works, $350,000; Culture and Recreation, $150,000; and Miscellaneous, $50,000. Required a. Prepare the journal entry (or entries), including subsidiary ledger entries, to record the Town of Bedford Falls's General Fund operating budget on July 1, 2016, the beginning of the Town's 2017 fiscal year. repare journal entries to record the following transactions that occurred 1. Revenues were collected in cash amounting to $31,000 for licenses and 2. Supplies were ordered by the following functions in early July 2016 at the during the month of July 2016. permits and $12,000 for fines and forfeits. estimated costs shown: General Government Public Safety Public Works Culture and Recreation Miscellaneous $ 7,400 11,300 6,100 4,200 900 $29,900 Total

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