Journal entries to record miscellaneous transactions and events

Prepare journal entries to record the following transactions and events applicable to the calendar year 2018 operations of Lily City:

1. The approved budget for the year follows:

Estimated Revenues
Property tax revenues	$600,000
Licenses and fees	30,000
Appropriations
Public safety salaries	$550,000
Public safety other expenditures	90,000

2. Property taxes of $600,000 were levied and bills totaling that amount were mailed at the beginning of the year. During the year, $590,000 of property taxes was collected. Licenses and fees collected amounted to $28,000.

3. The Lily City Council authorized (a) a budgetary interchange moving $25,000 from the Public Safety other expenditures appropriation to Public Safety salaries, and (b) an additional appropriation of $10,000 for Public Safety salaries.

4. Salaries paid during the year amounted to $570,000; police officers earned an additional $14,000 during December that will be paid in January.

5. Purchase orders for supplies were placed in the amount of $60,000. The entire amount ordered was received during the year, together with invoices totaling $56,000. The invoices were approved for payment.