A village ordered supplies for its Fire Department at an estimated cost of $16,700. The supplies were received with an invoice for $16,800. The village accepted the shipment and the invoice. Prepare journal entries to record these transactions in the General Fund.
(Budgetary journal entry)
A city adopted the following budget for its General Fund for 2013. Prepare the journal entry to record the budget.
Estimated Revenues
Property taxes $ 9,500,000
Sales taxes 1,835,000
Fines and forfeits 65,500
Intergovernmental 1,455,250
$12,855,750
Appropriations
Administration $ 2,250,000
Public safety 4,770,500
Parks and recreation 1,150,000
Streets 3,435,000
Libraries 900,000
$12,505,500