Prepare the General Ledger journal entries for the General Fund for the Village of Bath for the year ended December 31,2015
a. The budget was formally adopted. Estimated revenues are $3,250,000 and appropriations are estimated to be $3,204,500.
b.Revenues were received in the amount of $3,256,500.
c.Purchase orders were issued in the amount of $1,690,000.
d.Purchase orders were filled in the amount of $1,436,500. The invoice amount was $1,443,000.
e.Expenditures,not encumbered,amounted to $1,352,000. (not yet paid)
f.Amounts from d and e are paid
Correct Answer:
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