To improve its recreation facilities and to reduce its unemployment rate, Empire State created the Ticonderoga Trails Special Revenue Fund. By law, all traffic fines collected by the state police were directed to be deposited into the Ticonderoga Trails Special Revenue Fund, and used only to pay for the supplies and salaries of individuals employed to create new hiking trails in Ticonderoga State Park. There was no balance in the fund at the beginning of 2021. The Fund had the following transactions and events during the calendar year. 1. The legislature adopted and the governor approved a budget. Estimated traffic fine revenues were $3,000,000. Appropriations were for parks and recreation program salaries of $2,600,000 and for parks and recreation program supplies of $360,000. 2. Received traffic fine revenues of $3,040,000 during the year. 3. Paid salaries of $2,500,000 during the year. 4. Incurred a liability of $60,000 for salaries earned by employees during the last work week in December that will be paid in early January 2022. 5. Issued purchase orders for supplies totaling $340,000. 6. Received deliveries of all the supplies ordered in the previous transaction. The supplies were i inspected and vouchers were prepared for payment. Then, the invoices were paid. a) Prepare journal entries to record these transactions and events If an entry affects more than one debit or credit account, enter the accounts in order of magnitude (largest to smallest balances), debits first. Enter 0 or leave the field blank if no entry is required. A OF Account To record the annual budget To record traffic fine revenues To record salaries paid during the year. To recon salaries earned during the last week in December To recordarbase orders for supplies Debit Credit 0 0 0 0 0 9 0 0 9 0 0 C