Account for transactions. Prepare the entries to record the following general fund transactions for the village of Del Valley for the year ended September 30, 2018: a. Revenues are estimated at...

Account for transactions. Prepare the entries to record the following general fund transactions for the village of Del Valley for the year ended September 30, 2018:

a. Revenues are estimated at $520,000; expenditures are estimated at $515,000.

b. A tax levy is set at $378,788, of which 1% will likely be uncollectible.

c. Purchase orders amounting to $240,000 are authorized.

d. Tax receipts total $280,000.