Homework - Prepare journal entries for the following transactions in the general fund: 1. A budget is adopted. Estimated revenues are $5,000,000 and appropriations are $5,100,000 2. Property taxes in the amount of $5,000,000 are levied, and 5% are estimated to be un-collectable. 3. Purchase orders in the amount of $2,300,000 are issued. 4. $4,800,000 of property taxes are collected. 5. The goods ordered in the purchase orders above arrive with invoices for $2,200,000.