Prepare the general ledger entries for the general fund for the Village of Caguas for the fiscal year
ending at June 30, 2023.
a. The budget was formally adoted. Estimated revenues are:
	- Property Taxes Revenues				$1,300,000
	- Licenses Revenues				$500,000
	- Other Revenues				$450,000
Estimated Appropriation are:
	- General			$1,000,000
	- Public Work			$100,000
	- Other spending			$492,000
Trans.	Descriptions of Accounts						Debit	Credit
b. The Village of Caguas bill property taxes to citizens for $1,300,000.
c. Reserved for purchases orders for materiasl and other expenditures for $100,000.
d. Revenues for property taxes were received in the amount for $1,000,000.
e. Purchases orders of transaction c, were received for $100,000. The invoice
amount was $100,000.
f. Reserved fund for purchases equipment and computers for $150,000.
g. Expenditures for salaries amounting to $500,5400.
h. Received equipment and computers (transaction f) for $150,00 and record
the billed for $150,000, and paid $100,000.
i. Record other expenditures for $98,000.
j. Approved the payment (accounts payable) of transactions e, g, h, and i.
k. Received cash for licenses revenues $490,000 and other revenues for $450,000.
l. What is the fund balance at the end of the fiscal year 2023?