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The following transactions occurred for the Town of Mahwah's General Fund. 1. The budget prepared for the fiscal year included Total estimated revenues of $1,387,000

image text in transcribed The following transactions occurred for the Town of Mahwah's General Fund. 1. The budget prepared for the fiscal year included Total estimated revenues of $1,387,000 and appropriations of $1,346,500. 2. Encumbrances issued against the appropriations during the year were $465,500. 3. The current year's tax levy of $1,002,500 was recorded; uncollectibles were estimated as $32,500. 4. Collections of delinquent taxes from prior years' levies totaled $66,000; collections of the current year's levy totaled $729,500. 6. Payments on Vouchers Payable totaled $752,500. The following transactions occurred for the Town of Mahwah's General Fund. 1. The budget prepared for the fiscal year included Total estimated revenues of $1,387,000 and appropriations of $1,346,500. 2. Encumbrances issued against the appropriations during the year were $465,500. 3. The current year's tax levy of $1,002,500 was recorded; uncollectibles were estimated as $32,500. 4. Collections of delinquent taxes from prior years' levies totaled $66,000; collections of the current year's levy totaled $729,500. 6. Payments on Vouchers Payable totaled $752,500

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