1. The annual budget for the Special Revenues fund for Village of Carsonville was adopted as follows: a. Estimated Revenues and $170,000 b. The state transfers $160,000 to the city for its current year s ppropriations is s170,000 and $150,000 respectively The city spent $140,000 on road repairs and maintenance during Closing entries are made for the year c. d. Prepare the journal entries necessary to record these events in the fund was established to record the city's share of state tax, which is Special Revenue Fund. The Date DescriptionPost Ref Debit Credit