pald. -4-34. (Transactions and financial statements) The trustees of the Ketzel Park Special Revenue Fund approved the following budget for calendar year 2019: $260,000 140,000 $400,000 Estimated Revenues General admissions fees Admissions fees (big cat zoo). Appropriations Parks and recreation salaries. Parks and recreation supplies Parks and recreation cat food. Budgeted Increase in Fund Balance.. $280,000 40,000 60,000 380,000 $ 20,000 Transactions and events for calendar year 2019 were as follows: 1. Recorded the approved budget for the year. 4-24 the year. Chapter 4 An Introduction to General and Special Revenue Funds 2. Collected $250,000 in general admissions fees and $160,000 in big cat zoo admissions fees during 3. Ordered supplies for $38,000. 4. All supplies ordered in the previous transaction arrived, together with an invoice for $37,000. The invoice was approved for payment, but was not paid during the year. 5. The Ketzel Park trustees approved a $10,000 increase in the cat food appropriation. 6. During the year, salaries were paid in the amount of $270,000. Also, at year-end, an accrual of $9,000 was made for salaries earned but not paid. 7. Cat food in the amount of $68,000 was ordered, paid for, and consumed. (Purchase orders for cat food are not prepared. Record the liability for receipt of the food and the payment.) Use the preceding information to do the following: a. Prepare journal entries to record the foregoing transactions and events. b. Prepare a statement of revenues, expenditures and changes in fund balance. (Assume that the begin- ning fund balance was $0.) c. Prepare a balance sheet. Assume that the fund balance is classified as Committed. d. Prepare a budgetary comparison schedule. and eynenditure accounting) of 905 mm for the purchase of supplies. LO 3