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Journal entries for a series of transactions Prepare journal entries in the General Fund for each of the following events relating to the City of Bar Harbor (all amounts in $1,000s). a. The citizens approve the following budget for the year: ESTIMATED REVENUES ESTIMATED OTHER FINANCING SOURCES APPROPRIATIONS BUDGETARY FUND BALANCE ESTIMATED OTHER FINANCING SOURCES 1. APPROPRIATIONS 2. General Journal Description 3. 2. Revenues-intergovernmental 3. Other financing sources-bond proceeds $78,924 2,000 (77,273) $3,651 b. The City records the following revenues (on account) and other financing sources (paid in cash) during the year: 1. Revenues-real estate and personal property taxes $68,650 12,685 2,400 Description

Journal entries for a series of transactions Prepare journal entries in the General Fund for each of the following events relating to the City of Bar Harbor (all amounts in $1,0005 ). a. The citizens approve the following budget for the year: b. The City records the following revenues (on account) and other financing sources (paid in cash) during the year: c. The City issues purchase invoices totaling $78,508 (record the issuance of invoices as a lump sum). d. The City recognizes the following expenditures, all on account (these expenditures were previously reserved as budgetary encumbrances): d. The City recognizes the following expenditures, all on account (these expenditures were previously reserved as budgetary encumbrances): e. The City makes the following payments related to its outstanding debt: Canh Berbit credie Feat hatate uns recevotie : dan. formith chirges that batance to Fund Balance unassigned since the outstanding imvoices are expected to be honored in the next fical year

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