The Town of Roscoe Ridge is a small residential community. The Town has two revenue sources, property taxes and charges for service: and two programs, administration, and public safety. The Towns fiscal year 2013 is as follows:

Town of Roscoe Ridge

General Fund

Operating Budget

Fiscal Year 2013

Estimated Revenues

Property taxes $1,900,000

Charges for services 360,000 $2,260,000

Appropriations

Administration $320,000

Public safety 1,800,000 2,120,000

Budgeted Increase in Fund Balance $140,000

Operating transactions during the year consist of the following:

1. Placed orders for materials and supplies for:

Administration 316,000

Public safety 1,440,000

2. Collected revenues of:

Property taxes 1,900,000

Charges for services 287,500

3. Received items on order for:

Administration 200,000

Public safety 730,000

4. Paid cash for items received for:

Administration 201,000

Public safety 730,000

5. Received items on order for:

Administration 116,000

Public safety - - - -

6. Paid cash for items received for:

Administration 114,000

Public safety - - - - -

7. Collected revenues of:

Property taxes - - - - -

Charges for services 81,000

Required: Prepare the general journal entries necessary to record the budget and operating transactions 1- 7.