abled: Exam 1- 4 questions Saved The Town of PePm has the following transactions this year, Please prepare journal entries. 1. The town has placed purchase orders on behalf of the following functions in the town government, Please record the transaction to place these purchase orders, General government $100,000 Public safety $100,000 Public works $50,000 Total $250,000 2. By the end of the fiscal year, the town has received partial orders, as shown below. These orders are billed for $230,000. Please journalize the transaction of receipt and payment of these orders Estimated cost Actual cost (on sales receipt) General government $80,000 $85,000 Public safety $90,000 $85,000 Public works $50,000 $60,000 Total $220,000 $230,000 Essay Toolbar navigation