The Town of Bedford Falls approved a General Fund operating budget for the fiscal year ending June 30 2017. The budget provides for estimated revenues of $2,769,000 as follows: property taxes, $1,924,000 licenses and permits, $365,000; fines and forfeits, $265,000; and intergovernmental (state grants) $215,000. The budget approved appropriations of $2,716,000 as follows: General Govermment, $515,000 Public Safety. $1,630,000 Public Works, $365,000; Culture and Recreation, $153,000; and Miscellaneous, $53,000 a&b. Prepare the journal entry (or entries), to record the Town of Bedford Falls's General Fund operating budget on July 1, 2016, the beginning of the Town's 2017 fiscal year and also record the following transactions that occurred during the month of July 2016. Also show entries in the subsidiary ledger accounts, to record the Town of Bedford Falls's General Fund operating budget on July 1, 2016, the beginning of the Town's 2017 fiscal year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1. Revenues were collected in cash amounting to $34,000 for licenses and permits and $13,500 for fines 2. Supplies were ordered by the following functions in early July 2016 at the estimated costs shown and forfeits s 7.700 11,900 6,400 4.500 1,200 Public Safety Public Works Total $31,700