Recording Adopted Budget. The City of Jackson adopted the following General Fund budget for fiscal year 2014: Estimated revenues: Taxes $3,000,000 Intergovernmental revenues 1,000,000 Licenses and permits 400,000 Fines and forfeits 150,000 Miscellaneous revenues 100,000 Total estimated revenues $4,650,000 Appropriations: General government $1,000,000 Public safety 2,000,000 Public works 950,000 Health and welfare 850,000 Miscellaneous 50,000 Total appropriations $4,850,000 Required a. Assuming that a city ordinance mandates a balanced budget, what must be the minimum amount in the Fund BalanceUnassigned account of the General Fund at the beginning of FY 2014? (Note: the city has no restricted, committed, or assigned fund balances.) b. Prepare the general journal entries to record the adopted budget at the beginning of FY 2014. Show entries in the subsidiary ledger accounts as well as the general ledger accounts