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Unformatted text preview: Record actual expenditures. (8) Vouchers Payable 1,852,000 Cash 1,852,000 Record payment of vouchers during period. (9) APPROPRIATIONS CONTROL 1,940,000 BUDGETARY FUND BALANCE – UNRESERVED 60,000 ESTIMATED REVENUES CONTROL 2,000,000 Close budgetary accounts. (10) BUDGETARY FUND BALANCE – RESERVED FOR ENCUMBRANCES 70,000 ENCUMBRANCES 70,000 Close remaining encumbrances by reversing remaining budgetary balance. (11) Fund Balance – Unreserved 70,000 Fund Balance – Reserved for Encumbrances 70,000 Reserve fund balance for outstanding purchase commitments. (12) Property Tax Revenue 1,860,000 Expenditures 1,840,000 Fund Balance – Unreserved 20,000 Close operating statement accounts....
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