the city of jackson adopted the following general fund budget for fiscal year 2014:

estimated revenues:

taxes $3,500,000

intergovernmental revenues 1,200,000

licenses and permits 410,000

fines and forfeits 140,000

Miscellaneous revenues 100,000

Total estimated revenues 5,350,000

appropriations

general government $1,500,000

public safety 1,800,000

public works 970,000

health and welfare 860,000

Miscellaneous 50,000

Total appropriations$5,180,000

a) Assuming that a city ordinance mandates a balanced budget, what must be the minimum amount in the Fund Balance- Unassigned 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.