Need ASAP in 40 mins please show calculations!!
20 points Save Answer Miller City, whose fiscal year ends December 31, 2021, had the following transactions and events during year 2021. 1. The legislature adopted the following budget: Estimated revenues Property taxes $1,250,000 Sales taxes 1,100,000 Total $2,350,000 Appropriations General government---salaries $600,000 General government---supplies 25,000 Parks department---salaries 1,200,000 Parks department---plants and supplies 400,000 Total $2,225,000 Y 2. The Parks department placed purchase order (PO) 2021-1 for shrubbery in the amount of $60,000 and PO 2021-2 for gardening supplies in the amount of $12,000. The orders were charged to the appropriation for Parks department---plants and supplies. 3. The supplier delivered the shrubbery ordered on PO 2021-1; however, the supplier said he could not deliver some of the shrubs because he no longer carried them. The actual invoice of $56,000 was approved and paid by the Parks department, even though the estimated amount was $60,000. 4. The supplier delivered the gardening supplies ordered on PO 2021-2. The invoice amount was $12,400 because some of the items were of a higher quality than ordered. The Parks department accepted the entire delivery and paid the invoice. 5. Based on a mid-year review of economy, the finance director concluded that sales tax revenues would be less than the original estimate. As a result, the legislature amended the budget, reducing sales tax estimate by $50,000 and the Parks department---plants and supplies appropriation by $30,000. Required: Prepare an appropriations ledger to record the transactions and events applicable to the appropriation for Parks department---plant and supplies using the table below. 5. Based on a mid-year review of economy, the finance director concluded that sales tax revenues would be less than the original estimate. As a result, the legislature amended the budget, reducing sales tax estimate by $50,000 and the Parks department---plants and supplies appropriation by $30,000. Required: Prepare an appropriations ledger to record the transactions and events applicable to the appropriation for Parks department---plant and supplies using the table below. Instruction: Show the whole appropriation ledger in your calculation page and enter your answer to Available Appropriations Balance in the place indicated in the table below. (Do not add dollar sign. Do not add comma by yourself to your amount. Use minus sign if the amount is negative) Function Code: Parks Department---Plants and Supplies Encumbrances Expenditures Appropriations Entry No Item Dr Cr Balance Dr Cr Available Balance Balance 1) 2) 3) 4) 5) 20 points Save Answer Miller City, whose fiscal year ends December 31, 2021, had the following transactions and events during year 2021. 1. The legislature adopted the following budget: Estimated revenues Property taxes $1,250,000 Sales taxes 1,100,000 Total $2,350,000 Appropriations General government---salaries $600,000 General government---supplies 25,000 Parks department---salaries 1,200,000 Parks department---plants and supplies 400,000 Total $2,225,000 Y 2. The Parks department placed purchase order (PO) 2021-1 for shrubbery in the amount of $60,000 and PO 2021-2 for gardening supplies in the amount of $12,000. The orders were charged to the appropriation for Parks department---plants and supplies. 3. The supplier delivered the shrubbery ordered on PO 2021-1; however, the supplier said he could not deliver some of the shrubs because he no longer carried them. The actual invoice of $56,000 was approved and paid by the Parks department, even though the estimated amount was $60,000. 4. The supplier delivered the gardening supplies ordered on PO 2021-2. The invoice amount was $12,400 because some of the items were of a higher quality than ordered. The Parks department accepted the entire delivery and paid the invoice. 5. Based on a mid-year review of economy, the finance director concluded that sales tax revenues would be less than the original estimate. As a result, the legislature amended the budget, reducing sales tax estimate by $50,000 and the Parks department---plants and supplies appropriation by $30,000. Required: Prepare an appropriations ledger to record the transactions and events applicable to the appropriation for Parks department---plant and supplies using the table below. 5. Based on a mid-year review of economy, the finance director concluded that sales tax revenues would be less than the original estimate. As a result, the legislature amended the budget, reducing sales tax estimate by $50,000 and the Parks department---plants and supplies appropriation by $30,000. Required: Prepare an appropriations ledger to record the transactions and events applicable to the appropriation for Parks department---plant and supplies using the table below. Instruction: Show the whole appropriation ledger in your calculation page and enter your answer to Available Appropriations Balance in the place indicated in the table below. (Do not add dollar sign. Do not add comma by yourself to your amount. Use minus sign if the amount is negative) Function Code: Parks Department---Plants and Supplies Encumbrances Expenditures Appropriations Entry No Item Dr Cr Balance Dr Cr Available Balance Balance 1) 2) 3) 4) 5)
