(Journal entries for several funds)

Following are several transactions that relate to Crestview for the fiscal year 2004 (assume a voucher system is noṭ used):

1. The general operating budget was approved. It included estimated revenues of $\$ 1,200,000$, estimated other financing sources of $\$ 300,000$, appropriations of $\$ 1,150,000$, and estimated other financing uses of $\$ 100,000$.

2. The police department paid its salaries of $\$ 50,000$.

3. The General Fund made its contribution to a Debt Service Fund of $\$ 100,000$.

4. The office furniture previously ordered for $\$ 45,000$ was received and the bill was paid. Old furniture that cost $\$ 23,000$ was sold for $\$ 500$. The proceeds could be used in any manner by the city.

5. The fire chief ordered $\$ 1,000$ of supplies.

6. General obligation long-term debt principal matured, and the final interest payment became due. These amounts were $\$ 75,000$ and $\$ 7,500$, respectively. (Assume a Debt Service Fund and a fiscal agent are used.)

7. The appropriate amount of cash was sent to the fiscal agent to process the debt service payments described in part (6).

8. The supplies ordered in part (5) arrived along with an invoice for $\$ 1,025$. The excess amount was approved and a check was sent to the supplier.

9. The fiscal agent for the bonds notified the government that $\$ 70,000$ of principal and $\$ 7,000$ of interest had been paid.

10. The property tax for the year was levied by the General Fund. The total amount of the tax was $\$ 500,000$. City officials estimated that 99 percent would be collected.

11. Collections of property taxes during the year totaled $\$ 490,000$.

12. The remaining property taxes were classified as delinquent after $\$ 2,000$ was written off as uncollectible.

13. The General Fund received a $\$ 1,000$ transfer from an Enterprise Fund (record only the General Fund portion).

Required: Prepare all the journal entries necessary to record these transactions in the appropriate governmental-type funds and identify the fund(s) used.