1. [Para. 4a-11] In view of unexpected revenue and expenditure developments the city council revised the budgets for the current year as shown below:

Budget Adjustments

Estimated Revenues:

Property Tax $ 15,000 increase

Sales Tax 3,750 decrease

Interest and Penalties 1,000 decrease

Appropriations:

Culture and Recreation $ 2,000 decrease

Public Safety 6,000 increase

General Government 4,500 decrease

Required: Record the budget amendments in the General Fund general journal only. Budgetary items do not affect the government-wide accounting records. (Note: Select Budget Amendment in the [Description] field in the Detail Journal.)

Post all journal entries to the general and subsidiary ledgers: After reviewing all entries for accuracy, including year and paragraph numbers, post all entries to the general ledger accounts and to all subsidiary ledger accounts, by clicking on [Post entries]. Also post all entries in the governmental activities journal.