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The State of Monogahela adopted a budget for its general fund for the year. The following amounts are relevant:

Estimated total sales taxes to be collected	$100,000,000
Estimated total to be spent	92,000,000
Amount authorized for retirement of debt	1,000,000
Amount authorized to subsidize state agency telecommunications	1,000,000

At the end of the fiscal year, $8.4 million in encumbrances were outstanding, but the appropriation authority expired.

To prepare each required journal entry:

• Enter the corresponding debit or credit amount in the associated column.
• Round all amounts to the nearest whole number.
• Not all rows in the table might be needed to complete each journal entry.
• If no journal entry is needed, check the No entry required box at the top of the table as your response.

1. Purchase orders in the amount of $15 million are issued in the general fund.

No Entry Required

Account Name	Debit	Credit
Encumbrances
Expenditures
Encumbrances outstanding
Purchases
Vouchers payable

2. The merchandise for which the purchase orders were issued is received.

No Entry Required

Account Name	Debit	Credit
Encumbrances
Expenditures
Encumbrances outstanding
Purchases
Vouchers payable

3. The annual budget is closed out at year end.

No Entry Required

Account Name	Debit	Credit
Appropriations
Estimated other financing uses -- transfers out
Budgetary fund balance
Estimated revenues
Expenditures

4. Encumbrances to lapse.

No Entry Required

Account Name	Debit	Credit
Encumbrances
Expenditures
Encumbrances outstanding
Unassigned fund balance
Vouchers payable