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).

Transactions:

1.Ordered supplies with an estimated cost of $3,150.

2.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.

Prepare the general journal entries required to account for the previous information

a.Purchases method

b.Consumption Method (perpetual inventory system is used)