1. [Para. 4a-19]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 $7,500 increase

Licenses and Permits 6,000 decrease

Fines and Forfeits 4,000 increase

Appropriations:

Culture and Recreation $3,000 decrease

Public Works 5,000 decrease

General Government 4,000 increase

Miscellaneous 3,000 increase

Required: Record the budget amendments in the General Fund general journal only. Budgetary items do not affect the government-wide accounting records. 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