Following are transactions and events of the General Fund of the City of Springfield for the fiscal year ended December 31, 2020. 1. Estimated revenues (legally budgeted) Property taxes $ 5,641,000 Sales taxes 4,830,000 Licenses and permits 1,500,000 Miscellaneous 500,000 2. Appropriations General government $ 5,285,000 Culture and recreation 4,210,000 Health and welfare 1,000,000 3. Revenues received (cash) Property taxes $ 5,545,000 Sales taxes 4,700,000 Licenses and permits 1,700,000 Miscellaneous 800,000 4. Encumbrances issued (includes salaries and other recurring items) Estimated General government $ 5,275,000 Culture and recreation 4,630,000 Health and welfare 905,000 5. Goods and services received (paid in cash) Estimated Actual General government $ 5,275,000 $ 5,285,000 Culture and recreation 4,630,000 4,610,000 Health and welfare 905,000 890,000 6. Budget revisions Increase appropriations: General government $ 140,000 Culture and recreation 110,000 7. Fund balance on January 1, 2020, was $753,000. There were no outstanding encumbrances at that date. a. Record the transactions using appropriate journal entries. b. Prepare a budgetary comparison schedule for the General Fund.