P-2 (Recording budgetary entries and operating general journal entries and posting detail to subsidiary ledgers) The Town of Roscoe Ridge is a small residential community. The Town has two revenue sources, property taxes and charges for service, and two programs, administration and public safety. The Town's fiscal year 2013 is as follows: Town of Roscoe Ridge General Fund Operating Budget Fiscal Year 2013 Estimated Revenues Property taxes $1,900,000 Charges for services 360,000 $2,260,000 Appropriations Administration $ 320,000 Public safety 1.800.000 2.120.000 Budgeted Increase in Fund Balance $ 140,000 Operating transactions during the year consist of the following: 1. Placed orders for materials and supplies for Administration 316,000 Public safety 1,440,000 2. Collected revenues of: Property taxes 1.900.000 Charges for services 287,500 3. Received items on order for: Administration 200,000 Public safety 730,000 4. Paid cash for items received for: Administration 201,000 Public safety 730,000 5. Received items on order for: Administration 116,000 Public safety 6. Paid cash for items received for: Administration 114,000 Public safety 7. Collected revenues of Property taxes Charges for services 81,000 Required: 1. Prepare the general journal entries necessary to record the budget and operating transactions 1-7