The Board of Commissioners of the City of ALQUDS adopted its budget for the year ending Dec,31,2018, which indicated revenues of $30,000 and appropriations of $ 25000 , the city has a beginning fund balance 1l :$10000. The city policy to record the budget and encumber the estimated amount of purchase orders issued and contract signed.0

During the year the city engaged in the following transactions:

1) Total amounts of purchase orders issued $20,000 a percentage of 8% of which were accomplished, and billed with 19000; the remainder will be completed in the following year. 

2) Other unencumbered expenditures incurred and paid $8000 

3) Total revenues collected during the year $33000.

Required

1) Make journal entry/ies to record the adopted budget? 

2) MAKE THE REQUIRED JOURNAL ENTRIES DURING YEAR? 

3) MAKE CLOSING ENTRIES? 

4) WHAT IS THE BALANCE IN FUND BALANCE UNASSIGNED END OF YEAR?