For each of the summarized transactions for the Village of Sycamore General Fund, prepare the general ledger journal entries.

a. The budget was formally adopted, providing for the estimated revenues of $1,000,000 and appropriations of $988,000.

b. Revenues were received, all in cash, in the amount of $1,007,000.

c. Purchase orders were issued in the amount of $496,500.

d. Of the $496,500 in (c), purchase orders were filled in the amount of $482,000; the invoice amount was $480,000 (not yet paid).

e. Expenditures for payroll not encumbered amounted ($460,000) (not yet paid).

f. Amounts from (d) and (e) are paid in cash.