The Murphy County Commissioners adopted the following General Fund budget for the 20X8 fiscal year:Murphy CountyGeneral FundBudget—20X8Estimated Revenues:  Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,000,000Licenses and Permits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800,000Intergovernmental . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000,000Charges for Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,000Fines and Forfeits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400,000Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000  12,000,000Appropriations:  General Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000,000Public Safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000,000Highways and Streets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000,000Health and Sanitation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 900,000Culture and Recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400,000 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000  11,900,000Excess of Estimated Revenues over Appropriations . . . . . . . . 100,000Fund Balance—Beginning . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,400,000Fund Balance—Ending (Anticipated) . . . . . . . . . . . . . . . . . . $ 1,500,000The following events occurred during 20X8:1. Purchase orders issued and contracts let were expected to cost:General Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 300,000Public Safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,200,000Highways and Streets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,500,000Health and Sanitation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500,000Culture and Recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300,000Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,0002. The commissioners reviewed the budget during the year and (a) revised the estimate of Intergovernmental Revenues to $1,500,000 and reduced the Public Safety and Highways and Streets appropriations by $225,000 each to partially compensate for the anticipated decline in intergovernmental revenues, and (b) increased the Health and Sanitation appropriation by $70,000 because of costs incurred in connection with an unusual outbreak of Tasmanian flu.3. Revenues (actual) for 20X8 wereTaxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,150,000Licenses and Permits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 785,000Intergovernmental . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,520,000Charges for Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210,000Fines and Forfeits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 395,000Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500,000 $ 11,560,0004. Goods and services under purchase orders and contracts were received:The remaining orders are still outstanding.5. Other expenditures incurred wereGeneral Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 700,000Public Safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,560,000Highways and Streets . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,271,000Health and Sanitation . . . . . . . . . . . . . . . . . . . . . . . . . . . . 485,000Culture and Recreation . . . . . . . . . . . . . . . . . . . . . . . . . . 45,000Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 391,000  $6,452,000Required 1. Set up general ledger T-accounts and also revenues and expenditures subsidiary ledgers like those in Illustrations 4-3 and 4-4.2. Record the Murphy County 20X8 General Fund budget in the general ledger and subsidiary ledger accounts, keying these entries “B” (for budget). Then record the numbered transactions and events, keying these entries by thosenumbers.
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The Murphy County Commissioners adopted the following General Fund budget



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