#8 (25 points) A city adopted a General Fund budget for the year ending June 30, 2021, which showed tax levy revenues of $1,800,000, bond proceeds of $780,000, appropriations for government operations of $1,365,000, and operating transfers out in the amount of $230,000. Required: If this budget was formally integrated into the accounting records used to produce the governmental fund financial statements, what was the required journal entry at the beginning of the year