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. Estimated Goods and Revenues recd Appropriations Budgeted Revenues Goods and Budget Encumbrances Cash Serv Serv ACTUAL revisions Comparison ESTIMATED Schedule Estimated revenues (legally budgeted): Record the transactions using appropriate journal entries. General Journal Subsidiary Ledger Debits Credits Debits Credits