Auto Zoom 553 within 120 days after the end of the calendar year.) 12. Police officers who retired at the end of 2019 will be paid S10 for unused vacation pay on January 6, 2020 Part B (2) Chapter 5-Journal entries for Special Revenue Fund transactions The Library Special Revenue Fund commenced calendar year 2019 with a cash balance of S5. no liabilities, and a restricted fund balance of $5. Prepare journal entries to record these transactions in the Library Special Revenue Fund and, where appropriate. in the General Fund. (We suggest you post opening balances and the journal entries to general ledger T-accounts.) 1 The General Fund transferred $100 cash to the Library Special Revenue Fund to help the library finance its activities for the year 2. The library received a grant of $300 from the county. The grant must be used only for library purposes, but there is no requirement as to when it must be spent 3. The library received S20 from fines, donations. and various fundraising events 4. The library paid $350 for salaries and S40 to acquire books and periodicals. Charge the Expendinures-cul ture salaries and Expenditures-culture supplies accounts. respectively ons to Chapter 5 In-Chapter Review Questions