The City of Canton formally integrates its budget with its financial records. During the year, the following budgetary items were recorded:

The City Commission of Canton passed the following budget ordinance for its Year 1 operations:Budgeted revenues$200,000Budgeted expenditures$180,000

The city amended its budget for additional tax revenues of $15,000, which were lawfully appropriated to defray the costs of a newly planned capital project and for additional expenditures for the capital project of $18,000.

A purchase order was issued to a contractor to complete the planned capital project for $18,000.

The capital project was completed at a total cost of $17,500.

The budget was closed at the end of Year 1.

For each of these items, record the appropriate journal entries.

To prepare each required journal entry:

• Click on a cell in the Account Name column and select the appropriate account. An account may be used once or not at all for a journal entry.
• Enter the corresponding debit or credit amount in the associated column.
• All amounts will be automatically rounded to the nearest dollar.
• Not all rows in the table might be needed to complete each journal entry.
• If no journal entry is needed, check the "No Entry Required" box at the top of the table as your response.

1. Prepare the journal entry to record the adopted budget as appropriate.