The State ofMonogahelaadopted 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 tablemight be neededto complete each journal entry.

If no journal entryis needed, check the "No entry required" box at the top of the table as your response.

1. Purchase ordersin 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 orderswere issuedis received.

No Entry Required

Account Name

Debit

Credit

Encumbrances

Expenditures

Encumbrances outstanding

Purchases

Vouchers payable

3. The annual budget is closed out atyear end.

No Entry Required

Account Name

Debit

Credit

Appropriations

Estimated other financing uses -- transfersout

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