The following transactions represent practical situations frequently encountered in accounting for municipal governments. Each transaction is independent of the others.

1. The city council of Green Acres adopted a general operating budget in which revenue is estimated at \(\$ 695,000\) and anticipated expenditures are \(\$ 650,000\).

2. Taxes of \(\$ 160,000\) are levied for the special revenue fund of Hiawatha. One percent is estimated to be uncollectible.
3. On July \(25,20 \mathrm{X} 2\), office supplies estimated to cost \(\$ 2,390\) are ordered by Ivyton, which operates on the calendar-year basis and does not use a perpetual inventory system. The supplies are received on August \(9,20 \mathrm{X} 2\), accompanied by an invoice for \(\$ 2,500\).
4. On October 10, 20X2, the general fund of Junction City repaid to the utility fund a loan of \(\$ 1,000\) plus \(\$ 40\) interest. The loan had been made earlier in the fiscal year.
5. A prominent citizen died and left 10 acres of undeveloped land to Kezar Falls for a future school site. The donor's cost of the land was \(\$ 55.000\). The fair market value of the land at the date of death was \(\$ 90,000\).
6. On March 1, 20X2, Lakeland issued 6 percent special assessment bonds, payable March 1, \(20 \mathrm{X} 7\), at face value of \(\$ 90,000\). The city is obligated in the event the property owners default. Interest is payable annually. Lakeland, which operates on the calendar-year basis, will use the proceeds to finance a curbing project. On October 29, 20X2, the cost of the completed project was \(\$ 84,000\). The contract had not been encumbered or paid.
7. A citizen of Montague donated common stock valued at \(\$ 32,000\) to the city. Under the terms of an agreement, the principal amount is not to be expended. Income from the stock must be used for college scholarships. On December 14, 20X2, dividends of \(\$ 1,100\) are received.
8. On February 1, 20X3, the city of Northstar, which operates on a calendar-year basis, issued 6 percent general obligation bonds with a face value of \(\$ 300,000\). Interest is payable annually on February 1. Total proceeds were \(\$ 308,000\); the premium was transferred to the debt service fund for ultimate payment of principal. The bond issue was floated to finance the construction of an addition to the city hall, estimated to cost \(\$ 300,000\). On December \(30,20 \times 3\), the addition was completed at a cost of \(\$ 297.000\), all of which was paid.
\section*{Required}
For each of the transactions described. prepare the necessary journal entries for all the funds involved. Indicate the fund in which each entry would be made by using the following format:

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Fund Journal Entry