For each of the summarized transactions for the Village of Sycamore Gen- eral Fund, prepare the


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For each of the summarized transactions for the Village of Sycamore Gen- eral Fund, prepare the 1 answer below » For each of the summarized transactions for the Village of Sycamore Gen- eral Fund, prepare the general ledger journal entries. The year is January 1– December 31, 2012. The budget was formally adopted, providing for estimated revenues of $1,000,000 and appropriations of $980,000. Revenues were received, all in cash, in the amount of $1,010,000. Purchase orders were issued in the amount of $500,000. 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). View complete question » For each of the summarized transactions for the Village of Sycamore Gen- eral Fund, prepare the general ledger journal entries. The year is January 1– December 31, 2012. The budget was formally adopted, providing for estimated revenues of $1,000,000 and appropriations of $980,000. Revenues were received, all in cash, in the amount of $1,010,000. Purchase orders were issued in the amount of $500,000. 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). Expenditures, not encumbered, amounted to $460,000 (not yet paid). Amounts from ( d ) and ( e ) are paid in cash. View less » Aug 21 2015 03:51 PM

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