The Town of Willingdon adopted the following General Fund budget for fiscal year 2017: Estimated revenues: Taxes $ 15,600,000 Intergovernmental revenues 850,000 Licenses and permits 390,000 Fines and forfeits 120,000 Miscellaneous revenues 70,000 Total estimated revenues $ 17,030,000 Appropriations: General government $ 8,150,000 Public safety 6,060,000 Public works 1,610,000 Health and welfare 1,010,000 Miscellaneous 130,000 Total appropriations $ 16,960,000
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.)