general ledger journal entries For each of the summarized transactions for the village of sycamore g

general ledger journal entries

For each of the summarized transactions for the village of
sycamore general fund prepare the general ledger journal entries, this year is
January 1 â?” December 31, 2009

a The
budget was formally adopted providing for estimated revenues of $1,000,000 and
appropriations of $980,000

b Revenues
were received, all in cash, in the amount of $1,010,000

c Purchase
orders were issued in the amount of $500,000

d Of the
$500,000 in (c) purchase orders were filled in the amount of $490,000; the
invoice amount was $480,000 not yet paid