The following information is provided:

1. Beginning balances were: Cash, $103,000; Taxes Receivable, $204,500; Accounts Payable, $59,750; and Fund Balance, $247,750.
2. The budget was passed. Estimated revenues amounted to $1,330,000 and appropriations totaled $1,325,400. All expenditures are classified as General Government.
3. Property taxes were levied in the amount of $965,000. All of the taxes are expected to be collected before February 2021.
4. Cash receipts totaled $935,000 for property taxes and $322,500 from other revenue.
5. Contracts were issued for contracted services in the amount of $112,750.
6. Contracted services were performed relating to $100,500 of the contracts with invoices amounting to $96,900.
7. Other expenditures amounted to $1,008,500.
8. Accounts payable were paid in the amount of $1,157,000.
9. The books were closed.

The journal entries are completed as follows: