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Selected transactions of the City of Miser Station General Fund for the 20X1 fiscal year are presented on the following page. All amounts are

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Selected transactions of the City of Miser Station General Fund for the 20X1 fiscal year are presented on the following page. All amounts are in thousands of dollars. Prepare the journal entries for recording the items below. Use the following format: DR: Debit Accounts Names, $ Amounts CR: Credit Accounts Names, $ Amounts 1. The City Council approved the following budget for the fiscal year: Estimated Revenues.. Appropriations....... $20,000 18,900 Of these amounts, $15,000 is for operating expenditures and $12,000 is for property tax revenues. 2. The property tax levy was recorded, $12,000, of which $600 will probably prove uncollectible. 3. Purchase orders were approved and issued for the following: Non-inventory supplies... Police vehicle... $150 20 4. 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. 5. Paid $5,000 to the City Airport Enterprise Fund to provide financing for a major expansion project; $2,000 is not required to be repaid, but $3,000 is to be repaid at the end of five years

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