Looking for help on part b and c. Ive been able to figure some parts out but been stuck on the blanks for a while.
The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the City of Augusta for the first quarter of the fiscal year appeared as follows: Ref. Revenues Cr(Dr) Balance Dr(Cr) Account 3/4020 101 102 209,900 761, eee 551, 1e8 3/4050 Revenues Ledger Est. Revenues Account Title Dr(Cr) Taxes-Real Property Budget Authorization 761,000 Received in Cash Licenses and Permits Budget Authorization 111,000 Received in Cash Intergovernmental Revenue Budget Authorization 61,000 Received in Cash 13,600 101 102 111, eee 99,900 11, 100 3/4070 101 102 103 16,100 61, eee 44,900 58,500 Appropriations, Expenditures, and Encumbrances Ledger Encumbrances Encumbrances Encumbrances Expenditures Increase Decrease Balance Expenditures Balance Appropriation Dr (Cr) Dr (Cr) Dr(Cr) Dr (Cr) Cr(Dr) Balance Cr(Dr) Account 5/6/7020 646,000 6,95 6,950 646, eee 639,85e 479, 150 479,200 159,900 5,200 159,982 165, 100 5,250 1,700 5/6/7830 136,000 Ref Account / Description General Government 101 Budget Authorization 102 Purchase Order Issued 102 Payroll 102 Goods Received Public Safety 101 Budget Authorization 102 Payroll 103 Culture and Recreation 101 Budget Authorization 102 Purchase Order Issued 102 Goods Received 102 Payroll Miscellaneous 101 Budget Authorization 31,100 31,100 136, eae 184,900 157, 100 52,200 5/6/7050 96,000 1,750 1,750 96, eee 94,250 94,450 78,900 1,750 1,550 15,550 1,550 17,100 5/6/7070 16,100 16,100 Required Assuming that there are no other General Fund revenue or expenditure transactions, answer the following questions. a. What were the original approved budget amounts for Estimated Revenues and for Appropriations? b. (1) Was the budget adjusted during the year? (2) If so, which accounts if any were adjusted and by how much? (3) In total, has Budgetary Fund Balance increased, decreased, or remained the same during the first fiscal quarter? C. (1) What are the current balances of the Estimated Revenues and Appropriations control accounts? (2) What are the current balances of the Revenues, Encumbrances, and Expenditures control accounts? Required A Required B Required C (1) Was the budget adjusted during the year? (2) If so, which accounts if any were adjusted and by how much? (3) In total, has Budgetary Fund Balance increased, decreased, or remained the same during the first fiscal quarter? Yes (1) Was the budget adjusted during the year? (2) Intergovernmental Revenue $ 13,600 (3) Has Budgetary Fund Balance increased, decreased, or remained the same during the first fiscal quarter? Decreased Required A Required B Required C (1) What are the current balances of the Estimated Revenues and Appropriations control accounts? (2) What are the current balances of the Revenues, Encumbrances, and Expenditures control accounts? Current Balance $ 946,600 (1) Estimated Revenues Appropriations (2) Revenues Encumbrances Expenditures $ 213,300
