For each of the summarized transactions for the Village of Sycamore General Fund, prepare the general ledger journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

1. The budget was formally adopted, providing for estimated revenues of $1,078,000 and appropriations of $1,007,000.
2. Revenues were received, all in cash, in the amount of $1,020,000.
3. Purchase orders were issued in the amount of $487,000.
4. Of the $487,000 in (c), purchase orders were filled in the amount of $480,500; the invoice amount was $479,000 (not yet paid).
5. Expenditures for payroll not encumbered amounted to $519,000 (not yet paid).
6. Amounts from (d) and (e) are paid in cash.