The Wayne City Council approved and adopted its general fund budget for 2023. The budget contained the following amounts: Estimated revenues $70,000,000 Appropriations 66,000,000 Estimated transfers in 1,000,000 Estimated transfers out 6,000,000 During 2023, various transactions and events occurred which affected the general fund. The legal budgetary basis is used.tems 6-10 involve recording the 2023 property tax levy. It was estimated that $500,000 would be uncollectible. 6. Property taxes receivable 7. Bad debt expense 8. Allowance for uncollectibles 9. Revenues 10. Estimated revenues