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The Town of Bedford Falls approved a General Fund operating budget for the fiscal year beginning on July 1. The budget provides for estimated revenues of $2,654,000 as follows: property taxes, $1,884,000; licenses and permits, $340,000; fines and forfeits, $240,000; and Intergovernmental (state grants), $190,000. The budget approved appropriations of $2,606,000 as follows: General Government, $490,000; Public Safety, $1,580,000; Public Works, $340,000; Culture and Recreation, $148,000; and Miscellaneous, $48,000. Required a. & b. Prepare the journal entry (or entries), to record the Town of Bedford Falls's General Fund operating budget on July 1, the beginning of the Town's fiscal year and also record the following transactions that occurred during the month of July. Also show entries in the subsidiary ledger accounts, to record the Town of Bedford Falls's General Fund operating budget on July 1, the beginning of the Town's fiscal year. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account fleld.) 1. Revenues were collected in cash amounting to $43,000 for licenses and permits and $18,000 for fines and forfelts. 2. Supplies were ordered by the following functions in early July at the estimated costs shown: General Government Public Safety Public Works Culture and Recreation Miscellaneous Total $ 8,500 13,700 7,300 5,400 2,100 $37,100 3. During July, supplies were received at the actual costs shown below and were paid in cash. General Government, Culture and Recreation, and Miscellaneous received all supplies ordered. Public Safety and Public Works received part of the supplies ordered earlier in the month at estimated costs of $11,900 and $7,100, respectively. General Government Public Safety Public Works Culture and Recreation Miscellaneous Total Actual Cost $ 8,5ee 12, eee 7,380 5,300 2,180 $35, 2ee Estimated Cost $ 8,600 11,90 7,182 5,488 2,1ee $35,180 d. Calculate the amount of available appropriation in total and for each function as of July 31.(Input all amounts as positive values.) Appropriations Encumbrances Expenditures Available Appropriations General Government Public Safety Public Works Culture and Recreation Miscellaneous Total S 0 $ 0 $ ols 0

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