General Fund Operating Budget 31 Dec 2018 Estimated Revenues Property taxes Licenses and Permits 5950,000 180.000 51.150,000 Appropriations Public Works Culture and Recreation $ 160,000 900.000 1.060.000 Budgeted Increase in Fund Balance $ 70.000 Operating transactions during the year consist of the following: 1. Placed orders for materials and supplies for: Public Works 158,000 Culture and Recreation 720,000 2. Received items on order for: Public Works Culture and Recreation 100,000 365,000 3. Paid cash for items received for: Public Works Culture and Recreation 100,500 365,000 4. Received items on order for Public Works 58000 Culture and Recreation 2. Recored troms on order for Public Works Culture and Recreation 100,000 365,000 Puld cash for its received for Public Works Culture and Recreation 100.500 365.000 4. Received items on order for Public Works Culture and Recreation 58000 5. Paid cash for items received for: Public Works Culture and Recreation 57,000 Required: Prepare the general journal entries necessary to record the budget and operating transactions