$1$

Required information

$[$The following information applies to the questions displayed below.$]$

The City of Lynnwood was recently incorporated and had the following transactions for the fiscal year ended December $31.$

The city council adopted a General Fund budget for the fiscal year. Revenues were estimated at $$2,000,000$ and appropriations were $$1,990,000.$

Property taxes in the amount of $$1,940,000$ were levied. It is estimated that $$9,000$ of the taxes levied will be uncollectible.

A General Fund transfer of $$25,000$ in cash and $$300,000$ in equipment $($with accumulated depreciation of $$65,000)$ was made to establish a central duplicating internal service fund.

A citizen of Lynnwood donated marketable securities with a fair value of $$800,000.$ The donated resources are to be maintained in perpetuity with the city using the revenue generated by the donation to finance an after$-$school program for children, which is sponsored by the culture and recreation function. Revenue earned and received as of December $31$ was $$40,000.$

The city's utility fund billed the city's General Fund $$125,000$ for water and sewage services. As of December $31,$ the General Fund had paid $$124,000$ of the amount billed.

The central duplicating fund purchased $$4,500$ in supplies.

Cash collections recorded by the general government function during the year were as follows:

Property taxes

Licenses and permits

User charges

$$1,925,000$

$35,000$

$28,000$

During the year, the internal service fund billed the city's general government function $$15,700$ for duplicating services and it billed the city's utility fund $$8,100$ for services.

The city council decided to build a city hall at an estimated cost of $$5,000,000.$ To finance the construction, $6$ percent bonds were sold at the face value of $$5,000,000.$ A contract for $$4,500,000$ has been signed for the project; however, no expenditures have been incurred as of December $31.$

The general government function issued a purchase order for $$32,000$ for computer equipment. When the equipment was received, a voucher for $$31,900$ was approved for payment and payment was made.

a$.$ For each transaction number identify all of the fund and$/$or government$-$wide activity journals in which journal entries must be made. $($Select all that apply.$)$