Answer the following 1-12 Journal entry worksheet

1.Record the budget.

2.Record the property tax levy.

3.Record the entry to write off the uncollectible taxes receivable.

4.Record the property tax collections.

5.Record the purchase commitments.

6.Record the entry to reverse for the purchase orders received.

7.Record the actual expenditures.

8.Record the payment of vouchers during the period.

9.Record the entry to close the budgetary accounts.

10.Record the entry to close the remaining encumbrances by reversing the remaining budgetary balance.

11.Record the entry to reserve the fund balance for the outstanding purchase commitments.

12.Record the entry to close the operating statement accounts.

The following information was abstracted from the accounts of the general fund of the City of Noble after the books had been closed for the fiscal year ended June 30, 20X2 Transactions July 1 20X1-June 30, 20X2 Postclosing Trial Balance June 30, 20X1 $680,000 Debit $1,820,000 1,910,000 Credit $1,849,000 1,827,800 Postclosing Trial Balance, June 30, 20X2 $651,000 128,200 Cash Taxes Receivable 46,000 Total $726,000 $779,200 Allowance for Uncollectible Taxes Vouchers Pavable Fund Balance $ 7,800 138,200 7,800 1,849,000 9,800 1,840,000 $ 9,800 129,200 74,000 60,200 74,000 Assigned for Encumbrances Unassigned 580,000 74,000 566,200 Total $726,000 $779,200 Additional Information: The budget for the fiscal year ended June 30, 20X2, provided for estimated revenue of $2,800,000 and appropriations of $1,920,000. Encumbrances of $1,070,000 were made during the year. Required: Prepare proper journal entries to record the budgeted and actual transactions for the fiscal year ended June 30, 20X2. Include closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list