A city orders a new computer for its General Fund at an anticipated cost of $91,700. Its actual cost when received is $93,810. Payment is subsequently made. a. Prepare all required journal entries for both fund and government-wide financial statements. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Transaction	Fund	General Journal	Debit	Credit
1. Received in the computers and the accompanying liability.
1		Record the receipt of computers and the accompanying liability.
		Record payment made.
2. Received in the payment made for computers.
2		Record payment made for computers.
		Record entry to remove encumbrance for computers that has now been received.
		Record the receipt of computers and the accompanying liability.
		Record payment made.

Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements.

A new truck for the sanitation department was ordered at a cost of $106,750

The city print shop did $1,200 worth of work for the school system (but has not yet been paid).

An $12 million bond was issued to build a new road.

Cash of $160,000 is transferred from the general fund to provide permanent financing for a municipal swimming pool that will be viewed as an enterprise fund.

The truck ordered in (a) is received at an actual cost of $110,050. Payment is not made at this time.

Cash of $41,400 is transferred from the general fund to the capital projects fund.

A state grant of $60,000 is received that must be spent to promote recycling.

The first $9,500 of the state grant received in (g) is appropriately expended.

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FUND FIN STMT

GOVT WIDE FIN STMT

Prepare journal entries for the City of Pudding's governmental funds to record the fund financial statements. (Select the appropriate fund for each situation when required. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Transaction	Fund	General Journal	Debit	Credit
a. A new truck for the sanitation department was ordered at a cost of $106,750.
a.		Record encumbrances outstanding.
b. The city print shop did $1,200 worth of work for the school system (but has not yet been paid).
b.		Record amount due to internal service fund.
c. An $12 million bond was issued to build a new road.
c.		Record sale of bonds.
d. Cash of $160,000 is transferred from the general fund to provide permanent financing for a municipal swimming pool that will be viewed as an enterprise fund.
d.		Record authorization of transfer for construction.
e. The truck ordered in (a) is received at an actual cost of $110,050. Payment is not made at this time.
e.	General Fund	Record entry to remove encumbrance.
		Record receipt of truck
f. Cash of $41,400 is transferred from the general fund to the capital projects fund.
f.		Record cash received from general fund to capital project fund.
		Record transfer in to capital project fund.
g. A state grant of $60,000 is received that must be spent to promote recycling.
g.		Record state grant received for promoting recycling.
h. The first $9,500 of the state grant received in (g) is appropriately expended.
h.		Record cash received from the state grant.
		Record the expenditure of the grant for recycling.