Prepare entries in general journal form to record the following transactions in general fund general ledger accounts for fiscal year 2012. Please use the modified accrual accounting approach in recording the transactions. 

A. The legal budget for the provided for $6,530,000 of estimated revenues and $5,975,000 of appropriations. 

B. Assume that are $340,000 of purchase orders outstanding at the end of last fiscal year and these purchase orders will be honored in the current year . prepare the entries to re establish the encumbrance. 

C. Property taxes were levied in the amount of $4,650,000. It is estimated that 3.5 percent of the taxes will not be collected. 

D. Purchase orders were issued for equipment and supplies in the amount of $2,760,000. Supplies that were relating to all of the prior year purchase orders ($340,000) were received along with invoices amounting to $336,800. Collections of current property taxes amounted to $4,190,000 . the uncollected taxes were recorded as delinquent.