1. Estimated revenues for the fiscal year were $250,000 and appropriations were $248,000.

2. The tax levy for the fiscal year, of which 99 percent is believed to be collectible, was $200,000.

3. Taxes collected were $150,000.

4. A short-term loan of $15,000 was made to the special revenue fund.

5. Orders for supplies were placed in the amount of $18,000. Use the purchases method.

6. The items ordered in transaction 5 were received. Actual cost was $18,150, and vouchers for that amount were prepared.

7. Materials were acquired from the stores fund (an internal service fund) in the amount of $800 (without encumbrance).

8. A $5,000 payment (transfer) was made to the debt service fund.

9. A cash payment of $15,000 was made for the purchase of equipment.

10. Licenses were collected in the amount of $3,000.

11. The balance of taxes receivable became delinquent.

12. Delinquent taxes of $30,000 were collected before year-end. The remaining net realizable value of delinquent taxes is expected to be collected uniformly over the first four months of the next fiscal year.