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Prepare entries to record the following events and transactions for City of Healthie for the year 2020. 1. The City adopted a budget calling for
Prepare entries to record the following events and transactions for City of Healthie for the year 2020. 1. The City adopted a budget calling for appropriations of $460,000. The estimated revenues (all property taxes) were $440,000. (1 point) 2. The City sent property tax bills amounting to $440,000 to property owners. (1 point) 3. Property owners paid $435,000 to the City. (1 point) 4. A purchase order of $25,000 was sent to a vendor of supplies. (1 point) 5. The supplies ordered in previous transaction 4) were received in good order and the accompanying invoice of $22.000 was approved. (1 point)
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