(1) On July 1; approved the following annual budget for the special revenue find as follows: Appropnations, $600 000 estimated revenues, 5040,000 (2) On July 1, acquired from proceeds of general tax revenues equipment costing $20,000 while the related purchase order was for $15,000. The equipment was to be used by the ge government (3) On July 5, signed a contract for the construcbon of a new fown hall at a total cost of $1,500,000 (4) On June 30, 2018, the township paid the first serial maturity of $80,000 on 0% general obligation bonds that had been issued at face amount of $400,000 on June 30, 2010, including the interest (5) Special Revenue Fund paid expenditures of $212,000 on July 26, 2017 The township uses encumbrance accounting (6) On June 28, 2018, the State Revenue Department informed the Township that its share of a state-collected, locally shared tax was $340,000 (7) On June 30, 2018, received $6,900 from the town's Enterpose Fund for the Enterprise Fund's disposal of excess supplies on the General Fund's behalf A Payable to General Fund ledger account with a balance of $6,900 was included in the accounting records of the Enterprise Fund (8) During the year ended June 30, 2016, obsolete equipment with an original cost of $22,800 was disposed of for $4,800 Required: Prepare the necessary journal entries to record the transactions. Identify the fund or account group in which the above events would be recorded Transaction Fund Account Group Account Ti Amounts Credit