Prepare the General Ledger journal entries for the General Fund for the Village of Bath for the year ended December 31, 2017a. 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
What will be an ideal response?
| a. Estimated Revenues Control | 3,250,000 |
| Appropriations Control | 3,204,500 |
| Budgetary Fund Balance | 45,500 |
| b. Cash | 3,256,500 |
| Revenues Control | 3,256,500 |
| c. Encumbrances Control | 1,690,000 |
| Budgetary Fund Balance-Reserve for Encumbrances | 1,690,000 |
| d. Budgetary Fund Balance-Reserve for Encumbrances | 1,436,500 |
| Encumbrances Control | 1,436,500 |
| Expenditures Control | 1,443,000 |
| Accounts payable | 1,443,000 |
| e. Expenditures Control | 1,352,000 |
| Accounts payable | 1,352,000 |
| f. Accounts payable | 2,795,000 |
| Cash | 2,795,000 |
Business
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