ACCOUNT DEBIT CREDIT

CASH 178,569

TAXES RECEIVABLE DELICUENT 214,956

ESTIMATED UNCOLLECTIBLE TAXES - DELICUENT 15,426

STORE INVENTORY PROG. OPER. 45,750

ACCOUNT PAYABLE 87,458

FUND BALANCE RESERVED FOR STORE INVENTORY 35,500

FUND BALANCE RESERVED FOR ENCUMBRANCE 45,012

FUND BALANCE UNRESERVED 255,879

TOTAL $439,275 $439,275

The General Fund Trial Balance of City of Miami as of Dec. 31, 2018, was follows:

1. [Budget adopted :(Property Taxes 925,500) (Sales Taxes 425,325) (Fines, Forteits and Penalties 215,235)(Miscellaneous Revenues 80,100 ) $1,646,160]

(Expenditures and other financing use: (Public Safety 825,450 ) (General government 191,500) (Culture and Recreation 62,450) (Operating Transfer Out 35,200) $1,114,600 ]

2. Encumbrances Outstanding at the end of 2018 were reestablished.

3. Property taxes were levied at an amount that would result in revenue of $815,000 after deductions of 6% of the tax levy as uncollectible. Round the computations

815000 0.94 867,021 52,021

4. Purchases orders, issuing fiscal year 2019: (Public Safety 745,050 ) ( General government 210,200 ) ( Culture and Recreations 41,253 ) $996,503

5. Cash Collections and transfer : Delinquent taxes 125,500) (Current taxes 815,775 ) (Property Taxes 856,100) (Sales Taxes 356,200) (Fines Forfeits and penalties 285,000) ( Miscellaneous revenues 145,493) (Equity Transfer In 145,244) $2,729,312 ]

6. Purchases orders were filled in the followings amounts

Estimated Actual

Public Safety 675,500 685,500

General government 193,200 194,500

Culture and Recreation 37,125 38,700

Total $905,825 $918,700

7. Purchases orders issued in fiscal year 2019:

Estimated Actual

Public Safety $45,012 $55,225

8. Additional Vouchers for salaries and wages : (Public Safety 75,000) ( General government 45,100)

9. Vouchers paid amounted to $ 945,700 ; the operating transfer out, $ 35,000 was made in cash.

10. Stores Inventory on December 31, 2019 amounted $15,230.

15,230 30,520

11. Reclassify Taxes Receivable Current and Estimated Uncollectible Taxes Current as delinquent.

Required :

A. Prepare journal entries to record the effects of the following data :

B. Prepare Trial Balance Adjusted

C. Prepare closing entries.

D. Prepare for the General fund.

E. The General Ledger with the respective balance account.