The following information was abstracted from the accounts of the general fund of the City of Lahti after the books had been closed for the fiscal year ended June 30, 2011:

ADDITIONAL INFORMATION The budget for the fiscal year ended June 30, 2011, provided for estimated revenues of $2,000,000 and appropriations of $1,940,000.REQUIRED Prepare journal entries to record the budgeted and actual transactions for the fiscal year ended June 30,2011.

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Transactions July 1. 2010 to June 30, 2011 Postelosing Trial Balance Trial Balance Credit June 30, 2010 Debit June 30, 2011 $1,820,000 $1,852,000 1,870,000 $668,000 Cash $700,000 Taxes receivable 40,000 $740,000 1,828,000 82,000 $750,000 $ 8,000 132,000 $ 10,000 120,000 Allowances for uncollectible taxes 8,000 10,000 1.840,000 Vouchers payable Fund balance: Committed 1,852,000 1,000,000 1.070,000 70,000 Unassigned 600,000 140,000 60,000 30,000 550,000 $750,000 $740.000