Journal entries to record miscellaneous transactions and events Lily City budgeted operations for the current calendar year as follows Estimated Revenues Property taxes Licenses and fees $1,200,000 60,000 Appropriations Public safety salaries $1,100,000 Public safety other expenditures 171,000 During the year, the following events and transactions occurred: 1. The budget was approved. 2. Property taxes of $1,200,000 were levied and bills totaling that amount were mailed at the beginning of the year. During the year, $1,180,000 of property taxes was collected. Licenses and fees collected amounted to $56,000. 3. The Lily City Council authorized (a) a budgetary interchange moving $50,000 from the Public Safety other expenditures appropriation to Public Safety salaries, and (b) an additional appropriation of $20,000 for Public Safety salaries. 4. Salaries paid during the year amounted to $1,140,000; police officers earned an additional $28,000 during December that will be paid in January. 5. Purchase orders for supplies were placed in the amount of $114,000. The entire amount ordered was received during the year, together with invoices totaling $106,400. The invoices were approved for payment. Prepare the appropriate journal entries to record the activity. If an entry affects more than one debit or credit account, enter the accounts in order of