Prepare entries in general journal form to record the following transactions in General Fund general ledger accounts for fiscal year 2019. Use modified accrual accounting for the General fund only

-The legal budget for the year provided for $900,000 of estimated revenues, $800,000 appropriations, and $50,000 transfer out to debt service fund.

-Issued $ 250,000 of purchase orders outstanding for office supplies.

-Property taxes were levied in the amount of $400,000. It is estimated that 2 percent of the taxes will never be collected.

-Other revenues are collected as cash for $920,000.

- Paid wage expenditures for the current year $220,000.

-Supplies, relating to all of the purchase orders in b), were received along with invoices amounting to $245,000.

-Collections of current property taxes amounted to $350,000.

-Reclassify the uncollected taxes recorded as delinquent.

-Accrued other expenditures for the year (not encumbered) $320,000 as vouchers payable.

-Transfer cash to debt service fund in the amount of $50,000 to prepare debt payments.

-Close the budgetary accounts.

-Close the operational accounts.

-Prepare Statement of Revenues, Expenditure, and change in Fund Balances for the above transactions.