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

Estimated other financing uses - transfers out	$ 2,000,000
Budgetary fund balance	6,000,000
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.

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