The town of bedford falls approved a general fund operating budget for the fiscal year ending june 30, 2017. the budget provides for estimated revenues of $2,700,000 as follows: property taxes, $1,900,000; licenses and permits, $350,000; fines and forfeits, $250,000; and intergovernmental (state grants), $200,000. the budget approved appropriations of $2,650,000 as follows: general government, $500,000; public safety, $1,600,000; public works, $350,000; culture and recreation, $150,000; and miscellaneous, $50,000. requireda& b. prepare the journal entry (or entries), to record the town of bedford falls’s general fund operating budget on july 1, 2016, the beginning of the town’s 2017 fiscal year and also record the following transactions that occurred during the month of july 2016. also show entries in the subsidiary ledger accounts, to record the town of bedford falls’s general fund operating budget on july 1, 2016, the beginning of the town’s 2017 fiscal year. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)t