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For each of the summarized transactions for the Village of Sycamore General Fund, prepare the general ledger journal entries. (If no entry is required for

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For each of the summarized transactions for the Village of Sycamore General Fund, prepare the general ledger journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. The budget was formally adopted, providing for estimated revenues of $1,098,000 and appropriations of $1,017,000. b. Revenues were received, all in cash, in the amount of $1,030,000. c. Purchase orders were issued in the amount of $497,000. d. Of the $497,000 in (c), purchase orders were filled in the amount of $490,500; the invoice amount was $489,000 (not yet paid). e. Expenditures for payroll not encumbered amounted to $529,000 (not yet paid). f. Amounts from (d) and (e) are paid in cash. No Event General Journal Debit Credit A a. 1,098,000 Estimated Revenues Control Appropriations Control Budgetary Fund Balance lololo 1,017,000 81,000 B b. 1,030,000 Cash Revenues Control OO 1,030,000 C. X 497,000 Budgetary Fund Balance-Reserve for Encumbrances Encumbrances Control x 497,000 D d1. 490,500 Budgetary Fund Balance-Reserve for Encumbrances Encumbrances Control 490,500 E d2 497,000 X Expenditures Control Accounts Payable 497,000 X F e. 529,000 Expenditures Control Accounts Payable 529.000 G f. 1,026,000 X Accounts Payable Cash 1,026,000 X

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