Prepare journal entries in general journal format to record the following transactions for the 2020 fiscal year for the City of Portage General Fund (Subsidiary detail may be omitted.).

The budget prepared for the fiscal year included estimated revenues of $3,774,000, appropriations of $3,695,000 and estimated other financing uses of $35,000.

Purchase orders in the amount of $838,000 were mailed to vendors

The current year’s tax levy of $3,005,000 was recorded; uncollectibles taxes were estimated to be 2% of the tax levy.

Collections of the current year’s levy totaled $2,829,000

Invoices were received and approved for payment for items ordered in documents recorded as encumbrances in transaction (2) of this problem. The estimated liability was $751,200. Actual costs were $750,500.

Revenue other than taxes collected during the year consisted of licenses and permits, $73,000; intergovernmental revenue, $200,000; and $36,000 of miscellaneous revenues.

Goods for which encumbrances were outstanding at the end of 2019 were received in 2020 at a total invoice cost of $35,450. The estimated amount for these goods was $35,000. The invoices were approved for payment.

Taxpayers have paid delinquent taxes totaling $103,665, on which interest and penalties of $3,400 had been recorded as receivable at the end of 2019. Additional interest of $200 was received (which had not been recorded) for the period from the first day of 2020 to the dates on which the delinquent taxes were paid.

The treasurer approved the write-off of delinquent taxes totaling $2,700 and related interest and penalties of $675

Due to fiscal issues the government determined that the budget should be legally amended to reflect a decrease in General Fund appropriations of $34,000.

The government uses a periodic inventory system for the supplies inventory. Supplies on hand on January 1, 2020 amounted to $45,000, supplies purchased during 2020 were $235,000 and physical inventory determined that supplies on hand at December 31,2020 amounted to $30,000. The city uses purchases method to account for supplies inventory.