1. (Journal entries for transactions and events involving opening balances) The General Fund postclosing trial balance of the City of Harlan Heights showed the following balances on December 31, 2019: Credits Debits $ 65,000 45,000 Cash............. Property taxes receivable-delinquent.......... Allowance for uncollectible taxes-delinquent.... Vouchers payable.................. Deferred revenues-property taxes............ Assigned fund balance.. Unassigned fund balance................ $ 8,000 25,000 15,000 12,000 50,000 $110,000 $110,000 Prepare entries in 2020 to record the following transactions and events applicable to the foregoing ac- count balances: 1. Harlan collected $40,000 of delinquent property taxes during 2020. The remaining balance of the delinquent property taxes outstanding at the beginning of the year was written off as uncollectible. Deferred property taxes at the beginning of the year were recognized as revenue. 2. The Assigned fund balance at the beginning of the year represented outstanding encumbrances that lapsed at year-end. The purchase orders that had been encumbered will be charged against 2020 appropriations