The Village has two revenue sources, property taxes and charges for service; and two programs, administration and public safety. The Village$$s fiscal year $20$XX is as follows:

The Village

General Fund

Operating Budget

Fiscal Year $20$XX

Estimated Revenues

Property taxes $$3,000,000$

Charges for services $325,000$ $$3,325,000$

Appropriations

Administration $ $150,000$

Public safety $1,300,000$ $$1,450,000$

Budgeted Increase in Fund Balance $ $1,875,000$

Operating transactions during the year consist of the following:

Placed orders for materials and supplies for:

Administration $150,000$

Public safety $1,300,000$

Collected revenues of:

Property taxes $2,500,000$

Charges for services $200,000$

Received items on order for:

Administration $130,000$

Public safety $290,000$

Paid cash for items received for:

Administration $130,000$

Public safety $290,000$

Received items on order for:

Administration $20,000$

Public safety $10,000$

Paid cash for items received for:

Administration $20,000$

Public safety $10,000$

Collected revenues of:

Property taxes $500,000$

Charges for services $125,000$

Required: Prepare the general journal entries necessary to record the budget and operating transactions $1-7$ in the general fund and the government wide financial statements.