Question
1/15 Greene County collected $90,000 in general property tax 2/4 it paid $45,000 of general wages 3/15 it ourchased and used $4,000 of supplies 4.7
1/15 Greene County collected $90,000 in general property tax
2/4 it paid $45,000 of general wages
3/15 it ourchased and used $4,000 of supplies
4.7 it collected $40,000 of hotel occupancy tax that must be used to promote tourism
5/18 it purchased police cars for $30,000 cash
6/20 it issued $200,000 in bonds to finance the purchase of an office building
12/12 with the bond money it purchased an office building for $150,000
Required
1.) Prepare the journal entries for the above transactions
2.) Post the journal entries to T accounts
3.) Prepare fund financial statements for General Fund, Special Revenue Fund and Capital Projects Fund
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