Prepare journal entries to record the following transactions and events affecting the General Fund of the Village of Kowitt Gorge during fiscal 2013.

1. The annual budget was adopted as follows:

Estimated Revenues

Property taxes........... $ 1,600,000

Fines and forfeits........... 150,000

Intergovernmental........... 475,000

..................$ 2,225,000

Appropriations

General government........ $ 210,000

Public safety ...........1,580,000

Streets ..............395,000

.................$ 2,185,000

2. Purchase orders were issued for supplies with the following estimated costs:

General government........ $ 210,000

Public safety............. 1,450,000

Streets.............. 395,000

.................$ 2,055,000

3. Revenues were received in cash as follows:

Property taxes ............$ 855,000

Fines and forfeits ..........117,000

Intergovernmental......... 295,000

.................$ 1,267,000

4. Items on order were received and accepted, and vouchers were prepared, as follows. ( Amounts shown as “ Estimated” are the purchase order amounts; amounts shown as “ Actual” are the approved invoice amounts.)

5. The Kowitt Gorge village council revised the budget, reducing the public safety appropriation by $ 120,000 and increasing the streets appropriation by a similar amount.
6. Additional revenues were received in cash as follows:
Property taxes.......... $ 742,000
Fines and forfeits .......... 37,000
Intergovernmental.......... 181,000
.................$ 960,000
7. Items on order were received and accepted, and vouchers were prepared, asfollows:

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Estimated Actual General government Public safety 45,000 45,000 693,700 234,800 $973,500 971,600