P3-35. (Preparation of appropriations ledger) Prepare an appropriations ledger similar to Table 3-6 to record the transactions and events applicable to the appropriation for the Parks dept--plants and supplies in problem P3-34. The ledger should have columns for appropriation (Cr.) encumbrances (Dr. and Cr.) expenditures (Dr.) and available appropriation (Cr.)
ch caps Problems hift t P3-34. (Budgetary transactions and events) Prepare journal entries to record the following transactions and events that occurred in Marilyn County during calendar year 2019: 1. The legislature adopted the following budget: LO 5, th Estimated revenues and other sources Property taxes. Sales taxes Use of und balance Total $1.740.000 1.000.000 10,000 $2.750,000 Appropriations General government-sales General government-supplies Parks department-salaries Parks department plants and supplies Total $ 420.000 30.000 2.000.000 300,000 $2.750,000 2. The Parks department placed PO 2019-1 for shrubbery in the amount of 552,000 and PO 2019-2 for gardening supplies in the amount of 11.000. The onders were charged to the appropriation for Parks department plants and supplies. 3. The supplier delivered the shrubbery ordered on PO 2019-1; however, the supplier said he could not deliver some of the shrubs because he no longer carried them. The invoice for $49.000 was approved and forwarded to the comptroller's office for payment the rest of the order (3.000) was cancelled. 4. The supplier delivered the gardening supplies ordered on PO 2019-2. She sent an invoice for S11.200 because some of the items were of a higher quality than ordered. The Parks department accepted the entire delivery and forwarded the invoice for payment 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 the sales tax estimate by $50,000 and the Parks department plants and supplies appropriation by $35.000 P3.35. LO 7 MBC (Preparation of appropriations ledger) Prepare an appropriations ledger similar to Table 3-6 to record the transactions and events applicable to the appropriation for Parks department plants and supplies in problem P3-34. The ledper should have columns for appropriation (Ct), encumbranoes (Dr. and C.), expenditures (Dr.), and available appropriation (C). 1956 ch caps Problems hift t P3-34. (Budgetary transactions and events) Prepare journal entries to record the following transactions and events that occurred in Marilyn County during calendar year 2019: 1. The legislature adopted the following budget: LO 5, th Estimated revenues and other sources Property taxes. Sales taxes Use of und balance Total $1.740.000 1.000.000 10,000 $2.750,000 Appropriations General government-sales General government-supplies Parks department-salaries Parks department plants and supplies Total $ 420.000 30.000 2.000.000 300,000 $2.750,000 2. The Parks department placed PO 2019-1 for shrubbery in the amount of 552,000 and PO 2019-2 for gardening supplies in the amount of 11.000. The onders were charged to the appropriation for Parks department plants and supplies. 3. The supplier delivered the shrubbery ordered on PO 2019-1; however, the supplier said he could not deliver some of the shrubs because he no longer carried them. The invoice for $49.000 was approved and forwarded to the comptroller's office for payment the rest of the order (3.000) was cancelled. 4. The supplier delivered the gardening supplies ordered on PO 2019-2. She sent an invoice for S11.200 because some of the items were of a higher quality than ordered. The Parks department accepted the entire delivery and forwarded the invoice for payment 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 the sales tax estimate by $50,000 and the Parks department plants and supplies appropriation by $35.000 P3.35. LO 7 MBC (Preparation of appropriations ledger) Prepare an appropriations ledger similar to Table 3-6 to record the transactions and events applicable to the appropriation for Parks department plants and supplies in problem P3-34. The ledper should have columns for appropriation (Ct), encumbranoes (Dr. and C.), expenditures (Dr.), and available appropriation (C). 1956
