Part 1:Research the following statements and write a paper of 500 words on your findings:
Part 2:Given the following information create the journal entries required for each of the situations described:
Estimated revenues
Property taxes
$1250000
Fines and forfeits
80000
Intergovernmental
500000
Total
$1830000
Appropriations
General
$300000
Streets
50000
Public safety
800000
Total
$ 1150000
Property taxes
$800000
Fines and forfeits
73000
Intergovernmental
300000
Total
$1173000
General
$285000
Streets
50000
Public safety
670000
Total
$ 1005000
Estimated
Actual
General
$285000
$280000
Streets
50000
50000
Public safety
670000
660000
Total
$ 1005000
$ 990000

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