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1) A government with a beginning inventory of supplies of $100 in its General Fund and had the following transactions during the year (all amounts

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1) A government with a beginning inventory of supplies of $100 in its General Fund and had the following transactions during the year (all amounts are in thousands). Ordered supplies with an estimated cost of $3,150. 2. 1. Received supplies with an actual invoice cost of $2,920. No payment was made upon receipt; $2,950 was the encumbered amount. 3, Paid $2.300 on account for supplies received in #2. 4. During the year, the inventory warehouse issued $2,900 in supplies to general government departments. 5. The ending physical inventory of General Fund supplies found $150 on hand at year end. Reguired Uaing the Consumption method of accounting for inventory, prepare the general journal entries required to account for the previous information

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