The Central Stores Funds of the City of Bilbo provides centralized management of purchasing, storage, and issue of supplies for the entire City. For the following summarized transactions and event for the year ended June 30,

Provide the entries in general journal form required to conform to generally accepted accounting principles. If no entry is needed, so indicate.

(1) The Purchasing and Stores Fund ordered supplies at an estimated cost of $51,000.

(2) The supplies ordered in (1) above were received at invoice costs of $53,600; these invoices were approved for payment.

(3) Supplies costing $49,800 were issued to the City General Fund and billed to that fund at a markup on 20 percent cost.

(4) Expenses paid in cash during the year were: purchasing, $4,100; warehousing, $7,400; and general and administrative, $8,200.