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 $1,850,000 All other revenues 300,000 Total revenues $2,150,000 Appropriations: All departments other than police $1,000,000 Police-salaries 600,000 Police-fringe benefits 450,000 Police-supplies 80,000 Total appropriations $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 595,000 Police-fringe benefits 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 Policefringe 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 5,000 Decrease: Appropriation for police - supplies 25,000 Use of fund balance 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. 0X 1,000,000 595,000 390,000 0 0 X V 1,985,000 > 0 > 0 3 Appropriations - police - salaries Appropriations -police-supplies Appropriations - police - fringe benefits Cash To record cash payments 4 Appropriations - police - salaries Appropriations - police - supplies Budgetary fund balance Appropriations - police - fringe benefits To record budget amendment 5 Appropriations - police - fringe benefits Cash To record cash payment 6 Appropriations - police - supplies 5,000 25,000 5,000 0 > 0 > 35,000 95,000 0X > 0 0 x To record encumbrance for PO 2022a and 2022b 7 0 0x 0 x > 0 To encumber an amendment to PO 2022a 8 0 0 X 0 0X To reverse encumbrance for PO 2022b > 0 0 X