Prepare journal entries to record the following transactions and events that occurred in Jeter City during calendar year $2022.$

$1.$ The city council adopted the following budget:

Adopted budget

Estimated revenues and other sources:

Property taxes $$2,750,000$

Sales taxes $1,540,000$

Use of fund balance $55,000$

Total $$4,345,000$

Appropriations:

Streets and parkways:

Personal services $$858,000$

Equipment $104,500$

Operating supplies $137,500$

All other appropriations $3,245,000$

Total $$4,345,000$

$2.$ The Department of Streets and Parkways $($S&P$)$ took bids to purchase several items of equipment. The lowest bid came in at $$115,500,$ which was greater than the amount appropriated for equipment.

Jeter City$$s budget director, who had the authority to interchange budgetary appropriations amounts within a department, authorized a $$11,000$ reduction in the department$$s personal services appropriation and a corresponding

increase in the equipment appropriation.

$3.$ S&P entered into contract S&P $2022$a for $$115,500,$ charging the equipment appropriation.

$4.$ S&P issued PO $22-1$ for asphalt in the amount of $$16,500,$ charging the operating supplies appropriation.

$5.$ S&P received the equipment, and after inspecting all the items, approved the $$115,500$ invoice $($related to contract in number $3)$ for payment.

$6.$ S&P received the asphalt and approved the invoice of $$16,500$ for payment.