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35.For each of the summarized transactions for the Village of Sycamore General Fund, prepare the...

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Accounting

35.For each of the summarized transactions for the Village of Sycamore General Fund, prepare the general ledger journal entries.

The budget was formally adopted, providing for estimated revenues of $1,120,000 and appropriations of $987,000.

Revenues were received, all in cash, in the amount of $1,105,000.

Purchase orders were issued in the amount of $479,000.

Of the $479,000 in (c), purchase orders were filled in the amount of $470,500; the invoice amount was $470,000 (not yet paid).

Expenditures for payroll not encumbered amounted to $513,000 (not yet paid).

Amounts from (d) and (e) are paid in cash.

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