The General Fund for the Village of Bath for the year ended December 31, 2018 had the following transactions:

a.The budget was formally adopted.Estimated revenues are $3,250,000 and appropriations are estimated to be $3,204,500.

b.Revenues were received in the amount of $3,256,500.

c.Purchase orders were issued in the amount of $1,690,000.

d.Purchase orders were filled in the amount of $1,436,500.The invoice amount was $1,443,000.

e.Expenditures, not encumbered, amounted to $1,352,000.(not yet paid)

f.Amounts from d and e are paid

Required:Prepare journal entries to record these transactions.

Copley, Chapter 3 #155

1.(12 points)

The following information was available for the General Fund of the City of Thomasville for the Year Ended December 31, 2017:

(a)Revenues for the year included property taxes in the amount of $6,612,000, fines and forfeits in the amount of $ 700,000, and miscellaneous in the amount of $400,000.

(b)Expenditures from current appropriations included: general government, $4,847,000; public safety, $1,884,000; culture and recreation, 812,000.

(c)In addition to (b) above, expenditures related to prior year appropriations (encumbered last year) amounted to $40,000 (public safety). Encumbrances issued this year but not filled amounted to $60,000 (general government).

(d)A transfer was made from the General Fund to a debt service fund in the amount of $500,000. A transfer was made from an enterprise fund to the General Fund in the amount of $450,000.

(e)A sale of park land was made during the year, which was considered infrequent but not unusual and under the control of management. The proceeds amounted to $126,000, and the land had a basis of $90,000 reported in the government-wide Statement of Net Position the year before.

(f)Beginning balances included Fund Balance in the amount of $222,000.

Required: Prepare the Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund for the City of Thomasville for the Year Ended December 31, 2017.