Frisco City adopted the following General Fund budget for 2019.

Revenues-property taxes $9,000,000

Revenues-personal income taxes 5,000,000

Revenues-intergovernmental 1,000,000

Revenues-recreation fees 600,000

Appropriations

Public safety salaries 7,000,000

Public safety supplies 500,000

Public works salaries 5,000,000

Parks salaries 2,300,000

Transfer to Library Fund 100,000

Transfer to Debt Service Fund 1,200,000

5. Frisco’s Public Safety Dept. placed two purchase orders against its supplies appropriation, one for $300,000 for firearms and one for $150,000 for uniforms.

6. The firearms were received, with an invoice for $330,000. The purchase order allowed shipment of 10% over the amount ordered, so the invoice was approved.

7. The invoice for firearms was paid.

8. The Frisco Otters won the World Series. To provide more funds for crowd control at the parade, the City increased the Public Safety salaries appropriation by $100,000.

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Journal Entries as Follows SNo Particulars DrCr Amount Amount 1 Revenuesproperty taxes Ac ... View the full answer