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 $1,073,000 and appropriations of $1,001,000.
2. Revenues were received, all in cash, in the amount of $1,015,000.
3. Purchase orders were issued in the amount of $482,000.
4. Of the $482,000 in (c), purchase orders were filled in the amount of $475,500; the invoice amount was $473,500 (not yet paid).
5. Expenditures for payroll not encumbered amounted to $514,000 (not yet paid).
6. Amounts from (d) and (e) are paid in cash.

A.The budget was formally adopted, providing for estimated revenues of $1,073,000 and appropriations of $1,001,000.

B.Revenues were received, all in cash, in the amount of $1,015,000.

C.Purchase orders were issued in the amount of $482,000.

D.Record the purchase orders that were filled in the amount of $475,500 of the $482,000 issued.

E.Record the invoice amount of $473,500 (not yet paid) of the purchase orders issued worth $482,000.

F.Expenditures for payroll not encumbered amounted to $514,000 (not yet paid).

G.Record payroll and purchases paid in cash.