The Following Summary Events Are for the Village of Carsonville

The following summary events are for the Village of Carsonville:
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$\begin{array} { | l | l | l | } \hline \text { a. } & \begin{array} { l } \text { The annual budget for the } \\\text { Special Revenue fund was } \\\text { adopted as follows: }\end{array} & \\\hline & \text { Estimated Revenues } & \$ 170,000 \\\hline & \text { Appropriations }&\$150,000 \\\hline \text { b. } & \begin{array} { l } \text { The state transfers } \$ 160,000 \text { to } \\\text { the city for its current year's } \\\text { share of gasoline tax. }\end{array} \\\hline \text { c. } & \begin{array} { l } \$ 148,000 \text { was spent on road } \\\text { repairs and maintenance during } \\\text { the year. }\end{array} \\\hline \text { d. } & \begin{array} { l } \text { Closing entries are made for the } \\\text { year. }\end{array} \\\hline\end{array}$

Required:
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Prepare the journal entries necessary to record these events in the Special Revenue Fund.The fund was established to record the city's share of state gasoline tax, which is used for street maintenance.