at the end of fiscal year 2017, the City of Columbus's General Fund pre-adjusting trial balance showed the following balances for operating and budgetary accounts and fund balance accounts.

		Debits				Credits
Appropriations						$	5,724,000
Estimated Other Financing Uses							2,526,000
Estimated Revenues		$	7,497,000
Encumbrances			0
Expenditures			5,692,000
Other Financing Uses			2,520,000
Revenues							7,480,000
Budgetary Fund Balance			753,000
Fund Balance-Nonspendable-Inventory of Supplies							120,500
Fund Balance-Unassigned							1,985,000

The City of Columbus uses the purchases method of accounting for its inventory of supplies in the General Fund. The city uses a periodic inventory system in which the amount of inventory used during the year and the amount on hand at the end of the year are determined by a physical inventory. During the year, $195,000 of supplies were purchased and recorded as expenditures. These purchases are included in the final expenditures balance of $5,692,000 shown above. The physical inventory revealed a supplies balance of $132,000 at the end of fiscal year 2017, an increase of $11,500 from the prior year.

Required

a.

Provide the required adjusting journal entry in the General Fund at the end of 2017.

b.	Provide the required journal entries in the General Fund general journal to close the operating statement and budgetary accounts at the end of 2017.