The State of Monogahela adopted a budget for its general fund for the year. The following amounts are relevant:

Estimated total sales taxes to be collected	$100,000,000
Estimated total to be spent	92,000,000
Amount authorized for retirement of debt	1,000,000
Amount authorized to subsidize state agency telecommunications	1,000,000

At the end of the fiscal year, $8.4 million in encumbrances were outstanding, but the appropriation authority expired.

To prepare each required journal entry:

• Enter the corresponding debit or credit amount in the associated column.
• Round all amounts to the nearest whole number.
• Not all rows in the table might be needed to complete each journal entry.
• If no journal entry is needed, check the No entry required box at the top of the table as your response.

1. Purchase orders in the amount of $15 million are issued in the general fund.

[ ] No Entry Required

Account Name	Debit	Credit
Encumbrances
Expenditures
Encumbrances outstanding
Purchases
Vouchers payable

2. The merchandise for which the purchase orders were issued is received.

[ ]No Entry Required

Account Name	Debit	Credit
Encumbrances
Expenditures
Encumbrances outstanding
Purchases
Vouchers payable

3. The annual budget is closed out at year end.

[ ]No Entry Required

Account Name	Debit	Credit
Appropriations
Estimated other financing uses -- transfers out
Budgetary fund balance
Estimated revenues
Expenditures

4. Encumbrances to lapse.

[ ]No Entry Required

Account Name	Debit	Credit
Encumbrances
Expenditures
Encumbrances outstanding
Unassigned fund balance
Vouchers payable