1. Prepare journal entries to record the budget and each of the following transactions:

a. The treasurer of Tyler sends out property tax bills of $200,000; 1 percent is considered uncollectible.

b. Current property taxes of $176,000 and past-due taxes of $14,000 were collected.

c. A specific property tax bill ($1,000) is determined to be uncollectible.

d. Fees in the amount of $20,000 are collected for hunting licenses.

e. Other revenues in the amount of $200,000 are collected.

f. The payroll for salaries of $20,000 is vouchered for payment.

g. Playground equipment expected to cost $15,000 is ordered.

h. The playground equipment is received and has an actual cost of $14,000.

i. Tyler received equipment that had been ordered in the previous fiscal year. The actual cost was $9,500.

j. Supplies in the amount of $11,000 were ordered. By year-end, only $5,000 worth of these supplies has been received. The consumption method is used.

k. The note payable that was outstanding at June 30, 2016, becomes due and is paid.

l. Various expenditures are paid throughout the year totaling $348,040.

m. Supplies in the amount of $3,000 are on hand at year-end.

n. Assume that uncollected taxes on June 30, 2016, are past due.

o. Closing entries are made.

2. Prepare a budgetary comparison statement for the Tyler general fund.

3. Identify the transactions above that will be reconciling items between the fund financial statements and the government-wide financial statements.

Accounting for State and Local Governmental Units—Governmental Funds 707