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Following are transactions and events of the General Fund of the City of Springfield for the fiscal year ended December 31, 2020. 1. Estimated revenues (legally budgeted) Property taxes $ 5,541,000 Sales taxes 4,830,000 Licenses and permits 1,580,000 Miscellaneous 500,000 2. Appropriations General government $ 5,285,000 Culture and recreation 4,210,000 Health and welfare 1,000,000 3. Revenues received (cash) Property taxes $ 5,545,000 Sales taxes 4,700,000 Licenses and permits 1,700,000 Miscellaneous 800,000 4. Encumbrances issued (includes salaries and other recurring itens) Estimated General government $ 5,275,000 culture and recreation 4,630,000 Health and welfare 905,000 5. Goods and services received and in cash) Estrated Actual General government $ 5,275,000 $ 5,285,000 Culture and recreation 4,630,000 4,610.000 Health and welfare 005,000 390,000 0. Budget revisions Increase propriations General government $ 140,000 Culture and recreation 110,000 7. Fund balance on January 1, 2020, was 5753,000. There were no outstanding oncurance at that date a. Record the transactions using appropriate journal entries b. Prepare a budgetary comparison schedule for the General Fund Budget revisions Estimated Revenues reed Goods and Appropriations Serv Revenues Goods and Encumbrances Cash Serv ACTUAL ESTIMATED Appropriations: Record the transactions using appropriate journal entries Budgeted Comparison Schedule General Journal Debits Credits Subsidiary Ledger Debits Credits fudgetary Fund Balance Appropriations Control General Government Culture and Recreation Health and Welfare (Estimated Revenues Revenues recd Cash>

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