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a. Record the effect of the following transactions on the General Fund and governmental activities for the year ended June 30, 2023. b. Record in

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed a. Record the effect of the following transactions on the General Fund and governmental activities for the year ended June 30, 2023. b. Record in general journal form entries to close the budgetary and operating statement accounts in the General Fund only. c. Prepare a General Fund balance sheet as of June 30, 2023. d. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 2023. se of functiona ired. (If no 9. Total payroll during the year was $999,490. Of that amount, $76,460 was withheld for employees' FICA tax liability, $121,710 for employees' federal income tax liability, and $36,200 for state taxes; the balance was paid to employees in cash. 11. Cash collections from sales taxes totaled $843,000 and from revenue sources other than taxes were $128,000. In addition, sales taxes receivable due July 1 were accrued in the amount of $13,800. 11 \begin{tabular}{|l|} \hline General Fund \\ \hline \\ \hline Governmental Activities \\ \hline \\ \hline \end{tabular} 12. Amounts due to the federal government as of June 30,2023 , and amounts due for FICA taxes and state and federal withholding taxes during the year were vouchered. 14. Vouchers payable totaling $2,481,660 were paid after deducting a credit for purchases discount of $9,830 (credit Expenditures). 18. A physical inventory of materials and supplies at June 30,2023 , showed a total of $22,700. Inventory is recorded using the purchases method in the General Fund; the consumption method is used at the government-wide level. (Note: A periodic inventory system is used both in the General Fund and at the qovernment-wide level. When inventory was purchased during the year, Expenditures were debited in the General Fund iournal and Inventory of Complete this question by entering your answers in the tabs below. Record in general journal form entries to close the budgetary and operating statement accounts in the General Fund only. (If n required for a transaction/event, select "No Journal Entry Required" in the first account field.) Prepare a General Fund balance sheet as of June 30, 2023. Complete this question by entering your answers in the tabs below. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 2023

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