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Accounting

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The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the City of Augusta for the first quarter of the fiscal year appeared as follows: Revenues Ledger Est. Revenues Revenues Balance Account Ret. Account Title Drir Crior Dr 3/4620 Taxes-Real Property 101 Budget Authorization 752,000 752,000 102 Received in Cash 201,800 550,200 3/4050 Licenses and Permits 101 Budget Authorization 102,000 102,000 102 Received in Cash 10,200 91,800 3/4070 Intergovernmental Revenue 101 Budget Authorization 52.000 52,000 102 Received in Cash 15,200 36,800 183 12,700 49,500 Account Ret Account / Description 5/6/7020 General Government 101 Budget Authorization 102 Purchase Order Issued 102 Payroll 102 Goods Received 5/6/7030 Public Safety 101 Budget Authorization 102 Payroll 103 5/6/7050 Culture and Recreation 101 budget Authorization 102 Purchase Order Issued 102 Goods Received 102 Payroll 5/6/7070 Miscellaneous 101 Budget Authorization Appropriations, Expenditures, and Ene inces Ledger Encumbrances Encutbrances Encumbrances Expenditures Increase Decrease Balance Expenditures Balance Appropriation Balance Dr (Cr) Drice) Drir) Orice) (croor Crior 637,000 637.000 6,500 6,500 6.30, 500 151,800 151,800 478,700 4.300 1,700 4.750 156,550 478,750 127,000 127,000 30,200 30,200 96,00 50,400 147,200 87,00 87.000 1.300 1,300 85,700 1.30 1.100 1,100 35.900 15.100 16,200 78.800 15,200 15,200 Required Assuming that there are no other General Fund revenue or expenditure transactions, answer the following questions. a. What were the original approved budget amounts for Estimated Revenues and for Appropriations? b. () Which accounts were adjusted during the period and by how much? (2) In total, has Budgetary Fund Balance increased decreased, or remained the same during the first fiscal quarter? c() What are the current balances of the Estimated Revenues and Appropriations control accounts? (2) What are the current balances of the Revenues. Encumbrances, and Expenditures control accounts? Complete this question by entering your answers in the tabs below. Required A Required B Required What were the original approved budget amounts for Estimated Revenues and for Appropriations? Budget Amounts $ 478,500 Estimated Revenues Appropriations The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the City of Augusta for the first quarter of the fiscal year appeared as follows: Revenues Ledger Est. Revenues Revenues Balance Account Ret. Account Title Drir Crior Dr 3/4620 Taxes-Real Property 101 Budget Authorization 752,000 752,000 102 Received in Cash 201,800 550,200 3/4050 Licenses and Permits 101 Budget Authorization 102,000 102,000 102 Received in Cash 10,200 91,800 3/4070 Intergovernmental Revenue 101 Budget Authorization 52.000 52,000 102 Received in Cash 15,200 36,800 183 12,700 49,500 Account Ret Account / Description 5/6/7020 General Government 101 Budget Authorization 102 Purchase Order Issued 102 Payroll 102 Goods Received 5/6/7030 Public Safety 101 Budget Authorization 102 Payroll 103 5/6/7050 Culture and Recreation 101 budget Authorization 102 Purchase Order Issued 102 Goods Received 102 Payroll 5/6/7070 Miscellaneous 101 Budget Authorization Appropriations, Expenditures, and Ene inces Ledger Encumbrances Encutbrances Encumbrances Expenditures Increase Decrease Balance Expenditures Balance Appropriation Balance Dr (Cr) Drice) Drir) Orice) (croor Crior 637,000 637.000 6,500 6,500 6.30, 500 151,800 151,800 478,700 4.300 1,700 4.750 156,550 478,750 127,000 127,000 30,200 30,200 96,00 50,400 147,200 87,00 87.000 1.300 1,300 85,700 1.30 1.100 1,100 35.900 15.100 16,200 78.800 15,200 15,200 Required Assuming that there are no other General Fund revenue or expenditure transactions, answer the following questions. a. What were the original approved budget amounts for Estimated Revenues and for Appropriations? b. () Which accounts were adjusted during the period and by how much? (2) In total, has Budgetary Fund Balance increased decreased, or remained the same during the first fiscal quarter? c() What are the current balances of the Estimated Revenues and Appropriations control accounts? (2) What are the current balances of the Revenues. Encumbrances, and Expenditures control accounts? Complete this question by entering your answers in the tabs below. Required A Required B Required What were the original approved budget amounts for Estimated Revenues and for Appropriations? Budget Amounts $ 478,500 Estimated Revenues Appropriations

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