The Town of Bedford Falls approved a General Fund operating budget for the fiscal year beginning on July 1. The budget provides for estimated revenues of $2,539,000 as follows: property taxes, $1,844,000; licenses and permits, $315,000; fines and forfeits, $215,000; and intergovernmental (state grants), $165,000. The budget approved appropriations of $2,496,000 as follows: General Government, $465,000; Public Safety, $1,530,000; Public Works, $315,000; Culture and Recreation, $143,000; and Miscellaneous, $43,000.

Required

1. a. & b. Prepare the journal entry (or entries), to record the Town of Bedford Fallss General Fund operating budget on July 1, the beginning of the Towns fiscal year and also record the following transactions that occurred during the month of July. Also show entries in the subsidiary ledger accounts, to record the Town of Bedford Fallss General Fund operating budget on July 1, the beginning of the Towns fiscal year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

1. Revenues were collected in cash amounting to $48,000 for licenses and permits and $20,500 for fines and forfeits.
2. Supplies were ordered by the following functions in early July at the estimated costs shown:

General Government	$	9,100
Public Safety		14,700
Public Works		7,800
Culture and Recreation		5,900
Miscellaneous		2,600
Total	$	40,100

3. During July, supplies were received at the actual costs shown below and were paid in cash. General Government, Culture and Recreation, and Miscellaneous received all supplies ordered. Public Safety and Public Works received part of the supplies ordered earlier in the month at estimated costs of $12,400 and $7,600, respectively.

	Actual Cost				Estimated Cost
General Government	$	9,000			$	9,100
Public Safety		12,500				12,400
Public Works		7,800				7,600
Culture and Recreation		5,800				5,900
Miscellaneous		2,600				2,600
Total	$	37,700			$	37,600

TOWN OF BEDFORD FALLS
Appropriations, Expenditures, and Encumbrances Ledger
	Encumbrances			Expenditures
Account/Description	Increase Dr	Decrease Cr	Balance Dr (Cr)	Dr (Cr)	Balance Dr (Cr)	Appropriations Cr (Dr)	Balance Cr (Dr)
General Government
Appropriations
Order of Supplies
Supplies received
Public Safety
Appropriations
Order of Supplies
Supplies received
Public Works
Appropriations
Order of Supplies
Supplies received
Culture and Recreation
Appropriations
Order of Supplies
Supplies received
Miscellaneous
Appropriations
Order of Supplies
Supplies received