Recording Adopted Budget. The City of Marion adopted the following General Fund budget for fiscal year 2011: Estimated Revenues: Taxes $3,000,000 Intergivernmental 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 $950,000 Public safety 2,000,000 Public works 950,000 Health and welfare 850,000 Miscellaneous 50,000 Total appropriations $4,800,000 b.) Prepare the general journal entries to record the adopted budget at the beginning of FY 2011. Show entries in the subsidary ledger accounts as well as the general ledger accounts