8. The Town of Morganton maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide statements. You are to prepare, in journal form, worksheet adjustments for each of the following situations:

A.) The City levied property taxes for the current fiscal year in the amount of $9,000,000. When making the entries, it was assumed that 3 percent of the taxes would not be collected. At year-end, $900,000 of the taxes had not been collected. It was estimated that $400,000 of that amount would be collected during the 60 days after the end of the fiscal year and that $270,000 would be collected after that time. The City had recognized the maximum of property taxes allowable under modified accrual accounting.

B.) $2,650,000 of property taxes had been deferred at the end of the previous year and was recognized under modified accrual as revenue in the current year.

C.) In addition to the expenditures allowed under modified accrual accounting, the city computed that an additional $170,000 should be accrued for compensated absences.

D.) In the Statement of Revenues, Expenditures, and Changes in Fund Balances, General Fund transfers out included $400,000 to a debt service fund and $180,000 to a special revenue fund. General Fund transfers in included $1,250,000 from an enterprise fund.