Prepare the General Ledger Journal Entries for the General Fund

question 117

Essay

Prepare the General Ledger journal entries for the General Fund for the Village of Bath for the year ended December 31,2015
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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Definitions:

Control The Message

A communication strategy aimed at influencing how information is perceived and received by the public, often used in public relations and media.

Mind Mapping

A visual tool for organizing thoughts, ideas, or information hierarchically around a central concept.

Major Thoughts

Principal or significant ideas and considerations on a subject.

Unorganized Information

Data or content that is disorderly and lacks a coherent structure, making it difficult to understand or use effectively.