Requred: (A&b) prepared the journal entry (or entries), to record the town of Bedford Falls general fund operating budget on July 1st, the beginning of the Town fisca year and also record the following transactions that occur during the month of July. Also show entries in the subsidiary ledger account, to record the Town of Bedford Falls general fund operating budget on July 1st, the beginning of the Town fiscal year. (1) Revenue were collected in cash amounting to 50,000 for license and permits and 21,500 for fines and forfeit.

(2) supplies were ordered by the following functions in early July at the estimated cost shown :, General government. 9,300 Public safety. 15,100 Public works. 8000 Culture and recreation. 6,100 Miscellaneous 2,800 Total. = 41,300

(3) During July, supplies were received at the actual 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 cost of 12,600 and 7,800 respectively. Actual cost. Estimate co General government 9200. 9300 Public safety. 12,700. 12,600 Public works. 8000. 7,800 Culture and recreation. 6000. 6,100 Miscellaneous. 2,800 2800 Total. = 38,700. = 38,600

The Town of Bedford Falls approved a Generai Fund operating budget for the fiscal year beginning on July 1 The boget of $2 493.000 as fo ows state gra0ts) $156000 The udget a Safety $1510000, Putic Woks $305.000 of $24 $205.000: and Government $455.000 $41000