Following are transactions and events of the General Fund of the City of Springfield for the fiscal year ended December 31, 2017. 1. Estimated revenues (legally budgeted) Property taxes Sales taxes Licenses and permits Miscellaneous 2. Appropriations General government Culture and recreation Health and welfare $5,650,000 4,830,000 1,500,000 500,000 $5,360,000 10,000 1,000,000 3. Revenues received (cash) Property taxes Sales taxes Licenses and permits Miscellaneous 4. Encumbrances issued (includes salaries and other recurring items) General government Culture and recreation Health and welfare $5,485,000 4,700,000 1,700,000 800,000 General government Culture and recreation Health and welfare 5. Goods and services received (paid in cash) 6. Budget revisions Increase appropriations: General government Culture and recreation Estimated $5,275.000 4.630,000 905,000 Estimated $5,275,000 4,630,000 905,000 $140,000 110,000 Actual $5,296,000 4,610,000 890,000 7. Fund balance on January 1, 2017, was $753,000. There were no out- standing encumbrances at that date. a. Record the transactions using appropriate journal entries. b. Prepare a budgetary comparison schedule for the General Fund.