Answer Happy

a-2. Show entries in the subsidiary ledger accounts. TOWN OF WILLINGDON Estimated Revenues Ledger Date Account Title Est. Revenues Dr(Cr) July 01 Taxes July 01 Intergovernmental Revenues July 01 Charges for Services July 01 Fines and Forfeits July 01 Miscellaneous Revenues Account/Description General Government Public Safety Public Works Culture and Recreation Miscellaneous Encumbrances Increase Dr Encumbrances Decrease Cr Revenues Cr(Dr) TOWN OF WILLINGDON Appropriations Ledger Encumbrances Balance Dr(Cr) Balance Dr(Cr) Expenditures Dr(Cr) Expenditures Balance Dr(Cr) Appropriation Cr(Dr) Balance Cr(Dr)
Exercise 3-22 (Algo) Recording Adopted Budget [LO 3-5] The Town of Willingdon adopted the following General Fund budget for the fiscal year beginning July 1: Estimated revenues: Taxes $14,500,000 1,125,000 428,000 Intergovernmental revenues Charges for Services Fines and forfeits Miscellaneous revenues 175,000 125,000 Total estimated revenues $16,353,000 Appropriations: General government $ 7,875,000 Public safety 5,950,000 Public works Culture and recreation 1,500,000 900,000 75,000 Miscellaneous Total appropriations $16,300,000 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.) View transaction list Journal entry worksheet < A Record the budget appropriations. Note: Enter debits before credits. Debit Credit Date July 01 View general journal General Journal Clear entry Estimated Revenues Record entry