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Prepare the journal entry to record the adoption of annual

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Reference no: EM13396935

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
  1. Make the journal entry to record the adoption of the annual budget.
  2. Make the journal entries necessary to record the following cash revenues that were received:

Reference no: EM13396935

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