P$3-2($Budgetary and Other Entries$$General and Subsidiary Ledgers$)$ The Murphy County Commissioners adopted the following General Fund budget for the $20$X$8$ fiscal year:

Murphy CountyGeneral FundBudget$20$X$8$Estimated Revenues:$$ Taxes$ $8,000,000$ Licenses and permits$800,000$ Intergovernmental$2,000,000$ Charges for services$200,000$ Fines and forfeits$400,000$ Other$600,00012,000,000$Appropriations:$$ General government$1,000,000$ Public safety$4,000,000$ Highways and streets$5,000,000$ Health and sanitation$900,000$ Culture and recreation$400,000$ Other$600,00011,900,000$Excess of Estimated Revenues over Appropriations$100,000$Fund Balance$$Beginning$1,400,000$Fund Balance$$Ending $($Anticipated$)$$$1,500,000$

The following events occurred during $20$X$8$:

Purchase orders issued and contracts let were expected to cost:

General government$ $300,000$Public safety$1,200,000$Highways and streets$2,500,000$Health and sanitation$500,000$Culture and recreation$300,000$Other$200,000$$ $5,000,000$

The commissioners reviewed the budget during the year and $($a$)$ revised the estimate of Intergovernmental Revenues to $$1,500,000$ and reduced the Public safety and Highways and streets appropriations by $$225,000$ each to partially compensate for the anticipated decline in intergovernmental revenues, and $($b$)$ increased the Health and sanitation appropriation by $$70,000$ because of costs incurred in connection with an unusual outbreak of Tasmanian flu.

Revenues $($actual$)$ for $20$X$8$ were:

Taxes$ $8,150,000$Licenses and permits$785,000$Intergovernmental$1,520,000$Charges for services$210,000$Fines and forfeits$395,000$Other$500,000$$$11,560,000$

Goods and services under purchase orders and contracts were received:

Estimated CostActual CostGeneral government$ $280,000$$ $278,000$Public safety$900,000910,000$Highways and streets$2,500,0002,500,000$Health and sanitation$440,000440,000$Culture and recreation$300,000295,000$Other$180,000181,000$$$4,600,000$$$4,604,000$

The remaining orders are still outstanding.

Other expenditures incurred were:

General government$ $700,000$Public safety$2,560,000$Highways and streets$2,271,000$Health and sanitation$485,000$Culture and recreation$45,000$Other$391,000$$$6,452,000$

Required

Set up general ledger T$-$accounts like those in Illustration $3-1$ and also revenues and expenditures subsidiary ledgers like those in Illustrations $3-2$ and $3-3.$

Record the Murphy County $20$X$8$ General Fund budget in the general ledger and subsidiary ledger accounts, keying these entries $$B$($for budget$).$ Then record the numbered transactions and events, keying these entries by those numbers.