Prepare journal entries to record the following transactions and events that occurred in the village of Kowitt Gorge during the calendar year 2022: 1. The village commissioners adopted the following budget: Adopted budget Estimated revenues: Property taxes All other revenues Total revenues $1,850,000 300,000 $2,150,000 Appropriations: All departments other than police $1,000,000 Police-salaries Police-fringe benefits Police-supplies Total appropriations 600,000 450,000 80,000 $2,130,000 2. The village received, in cash, property taxes of $1,840,000 and all other revenues of $295,000. 3. The village made cash payments, charging the following appropriations: Accounts All departments other than police $1,000,000 Police-salaries Police-fringe benefits 595,000 390,000 4. The administrator of fringe benefits received an invoice for police employee health insurance in the amount of $95,000, together with a letter from the insurance provider, explaining that the large increase was caused by a change in federal laws. The invoice could not be paid because the Police -fringe benefits appropriation had a balance of only $60,000 (appropriation of $450,000 minus expenditures in item 3 of $390,000. As a result, the village commissioners amended the budget as follows: Adjustments Increase: Appropriation for police-fringe benefits $35,000 Decrease: Appropriation for police-salaries Decrease: Appropriation for police - supplies Use of fund balance 5,000 25,000 5,000 5. The village paid the invoice for $95,000, referred to in item 4 above, charging the appropriation for police-fringe benefits. 6. The police department placed PO 2022a for firearms in the amount of $30,000 and PO 2022b for uniforms in the amount of $20,000, all charged to the appropriation for police-supplies. 7. After receiving PO 2022a, the supplier notified the police department that a change in the design of the weapons would increase the cost to $32,000. The department sent the supplier an amended PO, increasing it by $2,000. 8. The police department received the uniforms ordered on PO 2022b, together with an invoice for $20,000. The department approved the invoice for payment. 1 2 Journal Voucher To record 2022 budget To record receipt of revenue 3 4 5 To record cash payments To record budget amendment To record cash payment 6 7 00 To record encumbrance for PO 2022a and 2022b To encumber an amendment to PO 2022a To reverse encumbrance for PO 2022b To record expenditures for PO 2022b > > > < < < < < < < < > > > > > > > Debit Credit 0 0x 0 0x 0 0 x 0 0x 0 0x 0 0x 0x 0 0x 0x 0 0 x 0 0 x 0 0x 0 x 0 0x 0 0x 0 0 x 0 0x 0 0 x 0 0 x 0 0x 0 0 x 0 0 x 0 0 x 0 0 x 0 0x 0 0 x 0 0x 0 0 x