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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 3/4020 Ref. Account Title Est. Revenues Dr(Cr) Revenues Balance Cr(Dr) Dr(Cr) 101 Taxes-Real Property Budget Authorization 770,000 770,000 102 Received in Cash 218,000 552,000 3/4050 Licenses and Permits 101 Budget Authorization 120,000 120,000 102 Received in Cash. 12,000 108,000 3/4070 Intergovernmental Revenue 101 Budget Authorization 70,000 70,000 102 Received in Cash 17,000 53,000 103 14,500 67,500 Appropriations, Expenditures, and Encumbrances Ledger Account Ref 5/6/7020 101 Account Description General Government Budget Authorization Encumbrances Increase Dr Encumbrances Encumbrances Expenditures Decrease (Cr) Balance Dr(Cr) Expenditures Dr (Cr) Cr(Dr) Balance Appropriation Balance Dr(Cr) Cr(Dr) 655,000 655,000 102 Purchase Order Issued 7,400 7,400 647,600 102 Payroll 102 Goods Received 5,700 1,700 168,000 5,650 168,000 479,600 173,650 479,650 5/6/7030 Public Safety 101 102 Budget Authorization Payroll 145,000 145,000 32,000 32,000 113,000 103 54,000 167,000 5/6/7050 Culture and Recreation 101 Budget Authorization 105,000 105,000 102 Purchase Order Issued 2,200 2,200 102,800 102 Goods Received 2,200 0 102 Payroll 2,000 16,000 2,000 103,000 18,000 87,000 5/6/7070 Miscellaneous 101 Budget Authorization 17,000 17,000 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 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? 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? (1) Estimated Revenues Appropriations (2) Revenues Encumbrances Expenditures Current Balance
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