Record the following transactions in the General Ledger accounts of the General Fund of the Keffer Independent School District.
1. Ordered textbooks with an estimated cost of $80,000.
2. Ordered laboratory supplies with an estimated cost of $25,000.
3. Signed a contract with Victory Transportation Services for athletic team transportation.
The estimated total cost of the services was $7,000.
4. Hired a new clerk and approved a salary of $18,000 per year.
5. The textbooks were received at an actual cost of $80,400. The invoice was approved for payment.
6. Approximately half of the laboratory supplies were received and vouchered at an actual cost of $12,000. (Estimated cost was $12,400.)
7. Actual transportation costs billed to Keffer School District by Victory Transportation Services were $8,000.