Record the following transactions in the General Ledger accounts of the General Fund of the Keffer Independent School District.

E3-8 (General Ledger Entries) Record the following transactions in the General Ledger accounts of the General Fund of the Keffer Independent School District. 1. Ordered textbooks with an estimated cost of $80,000. 2. Ordered laboratory supplies with an estimated cost of $25,000. 3. Signed a contract with Victory Transportation Services for athletic team transportation. The estimated total cost of the services was $7,000. 4. Hired a new clerk and approved a salary of $18,000 per year. 5. The textbooks were received at an actual cost of $80,400. The invoice was approved for payment. 6. Approximately half of the laboratory supplies were received and vouchered at an actual cost of $12,000. (Estimated cost was $12,400.) 7. Actual transportation costs billed to Keffer School District by Victory Transportation Services were $8,000