On January $1,2024,$ the first day of its fiscal year, Carter City received notification that a federal grant in the amount of $$560,000$ was approved. The grant was restricted for the payment of wages to teenagers for summer employment. The terms of the grant permitted reimbursement only after qualified expenditures have been made; the grant could be used over a two$-$year period. The following data pertain to operations of the Summer Employment Grant Fund, a special revenue fund of Carter City, during the year ended December $31,2024$:

Show entries in general journal form to record the following events and transactions in the accounts of the Summer Employment Grant Fund:

The budget was recorded. It provided for Estimated Revenues for the year in the amount of $$275,000,$ and for Appropriations in the amount of $$275,000.$

A temporary loan of $$275,000$ was received from the General Fund.

During the year, teenagers earned and were paid $$265,000$ under the terms of the Summer Employment program. An additional $$8,000$ is accrued as payable on December $31.$ Recognize the receivable and revenue $($including the $$8,000$ of wages payable$).$

Each month a properly documented request for reimbursement was sent to the federal government; checks for $$267,000$ were received.

$$250,000$ was repaid to the General Fund.

Necessary closing entries were made.