For each of the summarized transactions for the Village of Sycamore General Fund, prepare the general ledger journal entries.
a. The budget was formally adopted, providing for estimated revenues of $1,100,000 and appropriations of $988,000.
b. Revenues were received, all in cash, in the amount of $1,007,000.
c. Purchase orders were issued in the amount of $488,000.
d. Of the $488,000 in (c), purchase orders were filled in the amount of $482,000; the invoice amount was $480,000 (not yet paid).
e. Expenditures for payroll not encumbered amounted to $460,000 (not yet paid).
f. Amounts from (d) and (e) are paid in cash.