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Record all of the following transactions in the order presented in good form without explanations, as they would appear in the general fund of the
Record all of the following transactions in the order presented in good form without explanations, as they would appear in the general fund of the City of Namtip assuming the purchases method is used. Use compound entries whenever appropriate. If no entry is required, write NO ENTRY REQUIRED. Be sure to use only the accounts listed in the City of Namtip's Chart of Accounts. Leave a blank line between each journal entry. Do not use abbreviations. A. The city Council approved a budget with revenues estimated to be $1,800,000 and appropriations of $1,750,000 for the fiscal year 20 (FY20). B. The city incurred and paid salaries during FY20 totaling $600,000 c. The city ordered some books for the police department with an estimated cost of $80,000 o. Signed a contract with Victory Transportation Services for transportation of physically disabled residents to receive vaccinations. The estimated total cost of the services was $75,000 . The police department books came in with an actual cost of $80,400. The invoice was immediately paid. Actual transportation costs billed to the city by Victory Transportation Services were $72,500. Although approved for payment, it will not be paid for another two weeks
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