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The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the City of Augusta for the first quarter of
The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the City of Augusta for the first quarter of the fiscal year appeared as follows: Revenues Ledger Account Ref. Account Title Est. Revenues Dr (Cr) Revenues Balance Cr(Dr) Dr(Cr) 3/4020 Taxes-Real Property 101 Budget Authorization 755,000 755,000 102 Received in Cash 204,500 550,500 3/4050 Licenses and Permits 101 Budget Authorization 105,000 105,000 102 Received in Cash 10,500 94,500 3/4070 Intergovernmental Revenue 101 Budget Authorization 55,000 55,000 102 Received in Cash 15,500 39,500 103 13,000 52,500 Appropriations, Expenditures, and Encumbrances Ledger Encumbrances Increase Account Ref 5/6/7020 Account / Description General Government 101 Budget Authorization Dr Encumbrances Encumbrances Decrease (Cr) Balance Dr(Cr) Expenditures Dr (Cr) Expenditures Balance Dr (Cr) Appropriation Balance Cr (Dr) Cr(DE) 102 Purchase Order Issued 640,000 640,000 6,650 6.650 633,350 102 Payroll 102 Goods Received 4,950 1,700 154,500 4,900 154,500 478,850 159,400 470,900 5/6/7030 Public Safety 101 102 Budget Authorization Payroll 130,000 130,000 30,500 30,500 99,500 103 51,000 150,500 5/6/7050 Culture and Recreation 101 Budget Authorisation 90,000 90,000 102 Purchase Order Issued 1,450 1,450 80,550 102 Goods Received 1,450 102 5/6/7070 Miscellaneous Payroll 101 Budget Authorization 1,250 15,250. 1,250 88,750 16,500 73,500 15,500 15,500 Required Assuming that there are no other General Fund revenue or expenditure transactions, answer the following questions. a. What were the original approved budget amounts for Estimated Revenues and for Appropriations? b. (1) Which accounts were adjusted during the period and by how much? (2) In total, has Budgetary Fund Balance increased, decreased, or remained the same during the first fiscal quarter? c. (1) What are the current balances of the Estimated Revenues and Appropriations control accounts? (2) What are the current balances of the Revenues, Encumbrances, and Expenditures control accounts? Complete this question by entering your answers in the tabs below. Required A Required B Required C What were the original approved budget amounts for Estimated Revenues and for Appropriations? Budget Amounts Estimated Revenues Appropriations Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required C (1) Which accounts were adjusted during the period and by how much? (2) In total, has Budgetary Fund Balance increased, decreased, or remained the same during the first fiscal quarter? (1) (2) Has Budgetary Fund Balance increased, decreased, or remained the same during the first fiscal quarter? Complete this question by entering your answers in the tabs below. Required A Required B Required C (1) What are the current balances of the Estimated Revenues and Appropriations control accounts? (2) What are the current balances of the Revenues, Encumbrances, and Expenditures control accounts? Current Balance (1) Estimated Revenues Appropriations (2) Revenues Encumbrances Expenditures < Required B Required C >
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