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The Town of Bedford Fals approved a General Fund operating budget for the fiscal year beginning on July 1. The budget provides for estimated revenues of $2,861,000 as follows property taxes, $1,956,000, licenses and permits, $385,000; fines and forfeits, $285,000, and intergovernmental (state grants). $235,000. The budget approved appropriations of $2,804,000 as follows: General Goverment, 5535,000, Public Safety, 51,670,000, Public Works $385,000; Culture and Recreation, $157,000, and Miscellaneous, $57,000. Required 1. a. & b. Prepare the journal entry (or entries), to record the Town of Bedford Ealls's General Fund operating budget on July 1, the beginning of the Town's fiscal year and also record the following transactions that occurred during the month of July. Also show entries in the subsidiary ledger accounts, to record the Town of Bedford Ealls's General Fund operating budget on July 1, the beginning of the Town's fiscal year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1. Revenues were collected in cash amounting to $38,000 for licenses and permits and $15,500 for fines and forfeits. 24upplies were ordered by the following functions in early July at the estimated costs shown General Government $ 8, 100 Public Safety 12,700 Public Horks 6, 8001 Culture and Recreation 4,900 Miscellaneous 1.600 Total $34,100 5 3. During July, supplies were received at the actual costs shown below and were paid in cash. General Government, Culture and Recreation, and Miscellaneous received all supplies ordered. Public Safety and Public Works received part of the supplies ordered earlier in the month at estimated costs of $11.400 and $6.600, respectively. Actual Estimated Cost Colt General $ 8,000 8,200 Government Public Safety 11.590 11, 400 Public Works , 800 , 600 Culture and Recreation 4,800 4.900 Miscellaneous 1.600 1600 Total $32,700 32,600 puu ED TOWN OF BEDFORD FALLS Appropriations, Expenditures, and Encumbrances Ledger Encumbrances Expenditures Increase Dr Decrease Balance Dr Dr (1) Balance Dr Appropriations Balance C) (Cr) (CT) Er (0 Account/Description General Government Appropriations Order of Supplies Supplies received Public Safety Appropriations Order of Supplies Supplies received Public Works Appropriations Order of Supplies Supplies received Culture and Recreation of 2 Next > Supplies received Culture and Recreation Appropriations Order of Supplies Supplies received Miscellaneous Appropriations Order of Supplies Supplies received Brey 1 of 21!! Next > o ** 3 0 i - search