Create journal entries required for each of the situation

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Reference no: EM131192114

Given the following information, create the journal entries required for each of the situations described:

Estimated revenues
Property taxes	$1,250,000
Fines and forfeits	80,000
Intergovernmental	500,000

Total	$1,830,000

Appropriations
General	$300,000
Streets	50,000
Public safety	800,000

Total	$ 1,150,000

Make the journal entry to record the adoption of the annual budget.

Reference no: EM131192114

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