Exercise $3-5($Algo$)$ Required: For each of the summarized transactions for the Village of Sycamore General Fund, prepare the general ledger journal entries. The budget was formally adopted, providing for estimated revenues of $$1,094,000$ and appropriations of $$1,015,000.$ Revenues were received, all in cash, in the amount of $$1,028,000.$ Purchase orders were issued in the amount of $$495,000.$ Of the $$495,000$ in $($c$),$ purchase orders were filled in the amount of $$488,500$; the invoice amount was $$487,000($not yet paid$).$ Expenditures for payroll not encumbered amounted to $$527,000($not yet paid$).$ Amounts from $($d$)$ and $($e$)$ are paid in cash. Note: If no entry is required for a transaction or event, select $"$No Journal Entry Required" in the first account field. Exercise $3-5($Algo$)$ Required: 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 $\backslash (\backslash$$ $1,094,000\backslash )$ and appropriations of $\backslash (\backslash$$ $1,015,000\backslash ).$ b$.$ Revenues were received, all in cash, in the amount of $\backslash (\backslash$$ $1,028,000\backslash ).$ c$.$ Purchase orders were issued in the amount of $\backslash (\backslash$$ $495,000\backslash ).$ d$.$ Of the $\backslash (\backslash$$ $495,000\backslash )$ in $($c$),$ purchase orders were filled in the amount of $\backslash (\backslash$$ $488,500\backslash )$; the invoice amount was $\backslash (\backslash$$ $487,000\backslash )($not yet paid$).$ e$.$ Expenditures for payroll not encumbered amounted to $\backslash (\backslash$$ $527,000\backslash )($not yet paid$).$ f$.$ Amounts from $($d$)$ and $($e$)$ are paid in cash. Note: If no entry is required for a transaction or event, select $"$No Journal Entry Required" in the first account field. $\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|\}\backslash$hline & No & & General Journal & Debit & Credit $\backslash \backslash \backslash$hline $,$ & $1$ & a$.$ & Estimated Revenues Control & & $\backslash \backslash \backslash$hline & & & Appropriations Control & & $\backslash \backslash \backslash$hline & & & Budgetary Fund Balance & & $\backslash \backslash \backslash$hline & & & & & $\backslash \backslash \backslash$hline $\backslash (\backslash \%\backslash )$ & $2$ & b$.$ & Cash & & $\backslash \backslash \backslash$hline & & & Revenues Control & & $\backslash \backslash \backslash$hline & & & & & $\backslash \backslash \backslash$hline $\backslash (\backslash$gamma $\backslash )$ & $3$ & c$.$ & Encumbrances Control & & $\backslash \backslash \backslash$hline & & & Budgetary Fund Balance$-$Reserve for Encumbrances & & $\backslash \backslash \backslash$hline & & & & & $\backslash \backslash \backslash$hline $\backslash (\backslash$gamma $\backslash )$ & $4$ & d$1.$ & Budgetary Fund Balance$-$Reserve for Encumbrances & & $\backslash \backslash \backslash$hline & & & Encumbrances Control & & $\backslash \backslash \backslash$hline & & & & & $\backslash \backslash \backslash$hline $\backslash (\backslash$gamma $\backslash )$ & $5$ & d$2.$ & Expenditures Control & & $\backslash \backslash \backslash$hline & & & Accounts Payable & & $\backslash \backslash \backslash$hline & & & & & $\backslash \backslash \backslash$hline $,$ & $6$ & e$.$ & Accounts Payable & & $\backslash \backslash \backslash$hline & & & Cash & & $\backslash \backslash \backslash$hline & & & & & $\backslash \backslash \backslash$hline $\backslash (\backslash$gamma $\backslash )$ & $7$ & f$.$ & Accounts Payable & & $\backslash \backslash \backslash$hline & & & Cash & & $\backslash \backslash \backslash$hline $\backslash$end$\{$tabular$\}$