Use the following information to (a) record the opening account balances; (b) prepare journal entries to record all four transactions; (c) post the journal entries to T-accounts; and (d) prepare an appropriations ledger for police supplies and post the budgetary transactions.

1. The Coco City Council adopted the following budget for the General Fund at the begin-ning of the year: Revenues-property taxes $400,000 Revenues-sales taxes 70,000 Revenues-parks admission fees 10,000 Appropriations: Police salaries 300,000 Police supplies 40,000 Parks salaries 80,000 Transfer to Debt Service Fund 45,000

2. Two purchase orders, one for $35,000 and one for $4,000, were placed against the appro-priation for police supplies.

3. Because the unit price was lower t han anticipated, an invoice for $33,000 was received and approved for the supplies that had been ordered for $35,000.

4. The invoice for $33,000 was paid