The Central Stores Fund of Cook City provides centralized management of purchasing, storage, and issue of supplies for the entire City. For the following summarized transactions and events for the year ended June 30, provide the fund level entries in general journal form required to conform to generally accepted accounting principles. If no entry is needed, so indicate.

1) The Central Stores Fund ordered supplies at an estimated cost of $62,000.

2) The supplies ordered in (1) above were received at invoice costs of $60,400; these invoices were approved for payment.

3) Supplies costing $51,800 were issued to the City General Fund and billed to that fund at a markup of 20 percent on cost.

4) Expenses paid in cash during the year were: purchasing, $5,700; warehousing, $7,100; and general and administrative, $6,200.