The Town of Willingdon adopted the following General Fund budget for fiscal year 2017:
Estimated revenues:
Taxes $ 14,600,000
Intergovernmental revenues 1,100,000
Licenses and permits 427,000
Fines and forfeits 170,000
Miscellaneous revenues 120,000
Total estimated revenues $ 16,417,000
Appropriations:
General government $ 7,900,000
Public safety 5,960,000
Public works 1,510,000
Health and welfare 910,000
Miscellaneous 80,000
Total appropriations $ 16,360,000
Required a-1. Prepare the general journal entries to record the adopted budget at the beginning of FY 2017. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)