The Murphy County Commissioners adopted the following General Fund budget for the 20X8 fiscal year: Murphy County General Fund Budget20X8 Estimated Revenues: Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,000,000 Licenses and Permits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800,000 Intergovernmental . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000,000 Charges for Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,000 Fines and Forfeits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400,000 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000 12,000,000 Appropriations: General Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000,000 Public Safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000,000 Highways and Streets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000,000 Health and Sanitation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 900,000 Culture and Recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400,000 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000 11,900,000 Excess of Estimated Revenues over Appropriations . . . . . . . . 100,000 Fund BalanceBeginning . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,400,000 Fund BalanceEnding (Anticipated) . . . . . . . . . . . . . . . . . . $ 1,500,000 The following events occurred during 20X8: 1. Purchase orders issued and contracts let were expected to cost: General Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 300,000 Public Safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,200,000 Highways and Streets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,500,000 Health and Sanitation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500,000 Culture and Recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300,000 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,000 2. The commissioners reviewed the budget during the year and (a) revised the estimate of Intergovernmental Revenues to $1,500,000 and reduced the Public Safety and Highways and Streets appropriations by $225,000 each to partially compensate for the anticipated decline in intergovernmental revenues, and (b) increased the Health and Sanitation appropriation by $70,000 because of costs incurred in connection with an unusual outbreak of Tasmanian flu. 3. Revenues (actual) for 20X8 were Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,150,000 Licenses and Permits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 785,000 Intergovernmental . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,520,000 Charges for Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210,000 Fines and Forfeits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 395,000 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500,000 $ 11,560,000 4. Goods and services under purchase orders and contracts were received:

The remaining orders are still outstanding. 5. Other expenditures incurred were General Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 700,000 Public Safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,560,000 Highways and Streets . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,271,000 Health and Sanitation . . . . . . . . . . . . . . . . . . . . . . . . . . . . 485,000 Culture and Recreation . . . . . . . . . . . . . . . . . . . . . . . . . . 45,000 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 391,000 $6,452,000 Required 1. Set up general ledger T-accounts and also revenues and expenditures subsidiary ledgers like those in Illustrations 4-3 and 4-4. 2. Record the Murphy County 20X8 General Fund budget in the general ledger and subsidiary ledger accounts, keying these entries B (for budget). Then record the numbered transactions and events, keying these entries by thosenumbers.