Prepare entries in general journal form to record the following
transactions in General Fund general ledger accounts for fiscal
year 2019. Use modified accrual accounting for the General
fund only
-The legal budget for the year provided for
$900,000 of estimated revenues, $800,000 appropriations, and
$50,000 transfer out to debt service fund.
-Issued $ 250,000 of purchase orders outstanding for office
supplies.
-Property taxes were levied in the amount of $400,000. It is
estimated that 2 percent of the taxes...