Prepare the General Fund general ledger journal entries for the transactions. If no entry is required, do not leave it blank. State "No Entry Required" and briefly explain why. Transactions The City Council approved the following budget for the fiscal year: Estimated Revenues............$20,000 Appropriations......................$18,900 Of these amounts, $15,000 is for operating expenditures and $12,000 is for property tax revenues. The property tax levy was recorded, $12,000, of which $600 will probably prove uncollectible. Purchase orders were approved and issued for the following: Non-inventory supplies........$150 Police vehicle.......................$20 All of the non-inventory supplies on order from entry 3 were received. The actual cost was $155 and payment will be made at a later date. Cash receipts were (see entry 2): Property Taxes.....................$10,500 License and Permits............$70 Fines and Forfeits................$25 Investment Earnings............$5 Total Receipts......................$10,600 Current taxes receivable (entries 2 and 5) and the related allowance (entry 2) were reclassified as delinquent after the due date. A loan of $50 was made from the General Fund to the City Gasoline Tax Fund (CGTF), which is accounted for as a Special Revenue Fund. The loan will be repaid in five years. The $10 of remaining assets (cash) from a terminated Capital Projects Fund (CPF) were received