The Motor Vehicle Repair Fund of Laramee County gives centralized repair for county-owned vehicles. For the subsequent summarized transactions and events for the year ended June 30, give the fund level entries in general journal form required to conform to usually accepted accounting principles. If no entry is needed, so indicate.
1) The Motor Vehicle Repair Fund ordered supplies at an estimated cost of $92,000.
2) The supplies ordered in above were received at invoice costs of $91,400; these invoices were accepted for payment.
3) Supplies costing $800 were used to repair a police car, and the Motor Vehicle Repair Fund billed to the General Fund at a markup of 20 percent on cost.
4) Expenses paid in cash in the year were: purchasing, $5,700; warehousing, $7,100; and general and administrative, $6,200.