The following information was abstracted from the accounts of the general fund of the City of Noble after the books had been closed for the fiscal year ended June 30, 20X2.

Additional Information
The budget for the fiscal year ended June 30, 20X2, provided for estimated revenue of $2,000,000 and appropriations of $1,940,000. Encumbrances of $1,070,000 were made during the year.

Required
Prepare proper journal entries to record the budgeted and actual transactions for the fiscal year ended June 30, 20X2. Include closingentries.

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Transactions July 1 20x1-June 30, 20X2 Postclosing Trial Balance, Trial Balance June 30, 20X1 Debit Credit June 30, 20X2 Cash Taxes Receivable Total Allowance for Uncollectible Taxes Vouchers Payable Fund Balance $700,000 $1,820,000 $1,852,000 $668,000 82,000 5750,000 10,000 10,000 120,000 40,000 $740,000 8,000 132,000 1,870,000 1,828,000 8,000 1,852,000 1,840,000 Assigned for Encumbrances Unassigned 70,000 20,000 70,000 550,000 750,000 70,000 600,000 $740,000 Total