Question
THIS IS THE 3RD TIME I ASKED THE SAME QUESTION: Can you please use the correct format and language and answer all questions. many thanks
THIS IS THE 3RD TIME I ASKED THE SAME QUESTION: Can you please use the correct format and language and answer all questions. many thanks for your help.
This questions are related to my previous question regarding the Town of Bedford Falls. I need to get answer for each question under the correct format and use the following language:
- No Jounrnal Entry Required; Appropriations; Budgetary Fund Balance; Cash; Encumbrances, Encumbrances Outstanding; Estimated Revenues; Expenditures; Fund Balance-Unassigned; Revenues; Vouchers Payable.
2)Revenues were collected in cash amounting to $31,000 for licenses and permits and $12,000 for fines and forfeits.(see above)
date | General Journal | Debit | Credit |
3)Record the issuance of the purchase orders and contracts (see above)
date | General Journal | debit | Credit |
5) Record the cash paid for expenses
date | General Journal | debit | Credit |
A) Please Use this Format for Revenue Ledger
B) Please use this FORMAT and Language for Appropriations, Expenditures and Encumbrances Ledger
here are more info
The Town of Bedford Falls approved a General Fund operating budget for the fiscal year ending June 30, 2017. The budget provides for estimated revenues of $2,700,000 as follows: property taxes, $1,900,000; licenses and permits, $350,000; fines and forfeits, $250,000; and intergovernmental (state grants), $200,000. The budget approved appropriations of $2,650,000 as follows: General Government, $500,000; Public Safety, $1,600,000; Public Works, $350,000; Culture and Recreation, $150,000; and Miscellaneous, $50,000.
Required |
a&b. | Prepare the journal entry (or entries), to record the Town of Bedford Fallss General Fund operating budget on July 1, 2016, the beginning of the Towns 2017 fiscal year and also record the following transactions that occurred during the month of July 2016. Also show entries in the subsidiary ledger accounts, to record the Town of Bedford Fallss General Fund operating budget on July 1, 2016, the beginning of the Towns 2017 fiscal year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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