The Town of Willingdon adopted the following General Fund budget for the fiscal year beginning July 1:

Estimated revenues: Taxes $ 14,000,000

Intergovernmental revenues 1,250,000

Licenses and permits 460,000

Fines and forfeits 200,000

Miscellaneous revenues 150,000

Total estimated revenues $ 16,060,000

Appropriations:

General government $ 7,750,000

Public safety 5,900,000

Public works 1,450,000

Health and welfare 850,000

Miscellaneous 50,000 T

otal appropriations $ 16,000,000

Required

a-1. Prepare the general journal entries to record the adopted budget at the beginning of the fiscal year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

a-2. Show entries in the subsidiary ledger accounts.

Journal entry worksheet Record the budget appropriations. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Record entry Clear entry View general journal Year July 01 July 01 July 01 July 01 July 01 TOWN OF WILLINGDON Revenues Ledger Account Title Est. Revenues Dr(Cr) Revenues Cr(Dr) Balance Dr(Cr) Taxes Intergovernmental Revenues Licenses and Permits Fines and Forfeits Miscellaneous Revenues TOWN OF WILLINGDON Appropriations Ledger Encumbrances Encumbrances Encumbrances Expenditures Increase Decrease Balance Dr(Cr) Dr Cr Dr(Cr) Account/Description Expenditures Balance Dr(Cr) Appropriation Cr(Dr) Balance Cr(Dr) General Government Public Safety Public Works Health and Welfare Miscellaneous