The Village of Northern Springs adopted the following general fund budget for the year ended December 31, 2021: Revenues: Taxes Permits, licenses, and fees Intergovernmental Total budgeted revenues $8,100,000 150,000 600,000 $8,850,000 Appropriations: General government Public safety Community development Culture and recreation Total appropriations $1,300,000 5,800,000 1,635,000 300,000 $9,035,000 During July, 2021, a group of citizens decided to hold a cultural event in the Village for the first time. The event required a permit, and the organizers of the event paid $29,000 to the Village to get the permit. The event required additional police presence. To pay for the additional costs, the Village Trustees made the following adjustments to the original budget: o the appropriation for salaries in the police department was increased $27,000; o the appropriation for commodities in the general government budget was decreased $15,000. Required (explanations are not needed for journal entries): 1. Prepare the journal entry to record the original budget. 2. Prepare the journal entry to record the adjustments to the budget