Given the following information, create the journal entries required for each of the situations described:

Estimated revenues

Property taxes

$$1,250,000$

Fines and forfeits

$80,000$

Intergovernmental

$500,000$

Total

$$1,830,000$

Appropriations

General

$$300,000$

Streets

Public safety

$50,000$

$800,000$

Total

$ $1,150,000$

$1.$ Make the journal entry to record the adoption of the annual budget.

$2.$ Make the journal entries necessary to record the following cash revenues that were received:

$3.$ Purchase orders were issued for the following goods and services:

General

$$285,000$

Property taxes

$$800,000$

Fines and forfeits $73,000$

Intergovernmental $300,000$

Total

$$1,173,000$

$3.$ Purchase orders were issued for the following goods and services

General

$$285,000$

Streets

$50,000$

Public safety

$670,000$

Total

$ $1,005,000$

Assignment Overview

Unit $2-$ Individual Project

$4.$ Purchase orders were fulfilled based upon the following estimated and actual costs:

Please submit your assignment.

For assistance with your assignment, please use your textbook and all course resources.

Estimated

Actual

General

$$285,000$

$$280,000$

Streets

$50,000$

$50,000$

Public safety

$670,000$

$660,000$

Total

$ $1,005,000$

$ $990,000$