QUESTION 1 Exercise - Governmental Accounting Part I: General Fund Journal Entries City of Good Citizen has the following transactions during fiscal year 2009 (a) The legal budget for the year provided for $5,040,000 of estimated reve (b) Assume there are $ 150,000 of purchase orders outstanding at the end 0 (c) Property taxes were levied in the amount of $3,200,000 .It is estimated Purchase orders were issued for equipment and supplies in the amount of $3 Supplies , relating to all of the prior year purchase orders ($150,000 ), were I Equipment and supplies related to current year purchase orders ($3,040,000 Accounts payable were paid in the amount of $3,190,000 Salaries were paid in the amount of $1,000,000 . Do not use encum bran Collections of current property taxes amounted to $2,750,000 It was estimated that $190,000 in property taxes would be collected in the fi Required :Prepare entries in general journal form to record the following tra Parte 11: The City of Stromfield had the following partial list of account balances (tr Debit Appropriations Control Budgetary Fund Balance Reserve for Encumbrances Due to other Funds Encumbrances Control 102,000 Estimated other Financing Uses Control Estimated Revenues Control 3,550,000 Expenditures Control 2,798,000 Fund Balance - Unreserved Other Financing Uses Control-Transfer Out 309,000 Revenues Control Taxes Receivable 75,000 Vouchers Payable Required: a) Prepare the Statement of Revenues, Expenditures and Ch