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1. Prepare the General Ledger journal entries for the General Fund for the Village of Bath for the year ended December 31, 2017. 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

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Si. No Account Titles and Explanation Debit Credit Estimated Revenues Control Appropriations Control Budgetary Fund Balance a. S 3,250,000 S 3,204,500 S45,500 b. Cash S 3,256,500 Revenues Control S 3,256,500 c. Encumbrances Control S 1,690,000 Budgetary Fund Balance-Reserve for Encumbrances S 1,690,000 d. Budgetary Fund Balance-Reserve for Encumbrances S Encumbrances Control 1,436,500 S 1,436,500 e. Expenditures Control Accounts pavable S 1,443,000 S 1,443,000 f. Expenditures Control Accounts pavable S 1,352,000 S 1,352,000 g. Accounts payable S 2,795,000 as S 2,795,000

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