Need help with part B

3-12. Following are transactions and events of the General Fund of the City of Springfield for the fiscal year ended December 31, 2017. 1. Estimated revenues (legally budgeted) Property taxes Sales taxes Licenses and permits Miscellaneous $5,650,0oo 4,830,00o 1,50o,oo0 500,00O 2. Appropriations General government Culture and recreation Health and welfare $5,360,000 4,210,000 1,000,0oo 3. Revenues received (cash) Page 80 Property taxes Sales taxes Licenses and permits Miscellaneous $5,485,0oo 4,700,0oo 1,70o,ooo 800,000 4. Encumbrances issued (includes salaries and other recurring items) General government $5,275,000 Culture and recreation 4,630,000 Health and welfare 905,00o 5. Goods and services received (paid in cash) General government Culture and recreation Health and welfare Estimated Actual $5,275,000 4,630,000 $5,296,0oo 4,610,0oo 905,000 890,oo0 6. Budget revisions Increase appropriations: General government Culture and recreation $140,000 110,000 7. Fund balance on January 1, 2017, 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