The city council of approved the following budget for the General Fund for fiscal year 2020: Revenues Property taxes $340,000 License fees Fines and penalties 35,000 25,000 Total revenues $400,000 Appropriations Salaries $340,000 38,000 5,000 Supplies and utilities Debt service Total appropriations $383,000 $17,000 Budgeted Increase in Fund Balance The postclosing trial balance for the fund, as of December 31, 2012, was as follows: Debits Credits Cash 25,000 Vouchers payable Fund balance (unassigned) 18,000 7,000 25,000 25,000 The following transactions and events occurred during FY 2013: 1- Levied property taxes of $340,000 and mailed tax bills to property owners. 2- Borrowed $300,000 on tax anticipation notes at an interest rate of 2 percent per annum. 3- Ordered supplies expected to cost $19,000 4- Received the supplies along with an invoice for $20,000 ; paid the invoice immediately. 5- Received cash ($383,000 ) from the following sources: property taxes ($320,000 ), licenses and fees ($43,000), fines and penalties ($20,000 ). 6- Paid cash for the following purposes: unpaid vouchers at the start of year ($18,000), salaries (S325,000), utility bills($17,000). 7- Repaid the tax anticipation notes 6 months after the date of borrowing, with interest. 8- Processed a budgetary interchange, increasing the appropriation for supplies and utilities by $2,000 and reducing the appropriation for salaries by a like amount. 9- Will pay salaries for the last few days in December, amounting to $4,000 , at the end of the first pay period in January 20; also, received in early January 2014 a utilities invoice for $1,000 applicable to December 2020 Use the preceding information to do the following: a- Prepare journal entries to record the budget and the listed transactions and events. b- Prepare Ledger Accounts - Prepare a preclosing trial balance.