The Town of Willingdon adopted the following General Fund budget for the fiscal year beginning July 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.)

Show entries in the subsidiary ledger accounts.

$14,800,000 1,050,000 414,000 160,000 110,000 $16,534,000 Estimated revenues : Taxes Intergovernmental revenues Charges for Services Fines and forfeits Miscellaneous revenues Total estimated revenues Appropriations: General government Public safety Public works Culture and recreation Miscellaneous Total appropriations $ 7,950,000 5,980,000 1,530,000 930,000 90,000 $16,480,000 General Journal Debit Credit Date July 01 Date Revenues Cr(Dr) Balance Dr(Cr) July 01 July 01 July 01 July 01 July 01 TOWN OF WILLINGDON Estimated Revenues Ledger Est. Revenues Account Title Dr(Cr) Taxes Intergovernmental Revenues Charges for Services Fines and Forfeits Miscellaneous Revenues TOWN OF WILLINGDON Appropriations Ledger Encumbrances Expenditures Balance Dr(Cr) Dr(Cr) Encumbrances Encumbrances Increase Decrease Dr Cr Account/Description Expenditures Balance Dr(Cr) Appropriation Cr(Dr) Balance Cr(Dr) General Government Public Safety Public Works Culture and Recreation Miscellaneous