For each of the summarized transactions for the Village of Sycamore General Fund, prepare the general ledger journal entries. a. The budget was formally adopted, providing for estimated revenues of $1,075,000 and appropriations of $1,005,000.
b. Revenues were received, all in cash, in the amount of $1,018,000.
c. Purchase orders were issued in the amount of $485,000. Of the $485,000 in (c), purchase orders were filled in the amount of $478,500; the invoice amount was $477,000 (not yet paid).
d. Expenditures for payroll not encumbered amounted to $517,000 (not yet paid).
e. Amounts from (d) and (e) are paid in cash

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs