Below is selected information on the post-closing trial balance of the General Fund at March 31, 2016, the last day of the 2016 fiscal year (FY 2016) of the Town of Juno, NJ, a quiet town approximately 20 miles east of the Pennsylvania border.

	Debit	Credit
Cash	$ 184,400
Taxes receivable--current	243,919
Estimated uncollectible current taxes		$ 4,878
Vouchers payable		97,216
Encumbrances Outstanding--2016		54,321
Fund balance--Unassigned		271,904

The town has three primary governmental functions: General Government, Public Safety, and Public Works. The Towns is about to begin the 2017 fiscal year (FY 2017) set to begin April 1, 2016 and ending March 31, 2017.

Instructions: For each question below, provide the journal entry(ies), explanation, or calculation for each selected transaction below. Unless otherwise indicated, each journal entry(ies) should be for the Town of Junos General Fund for fiscal year 2017 (FY 2017). No subsidiary journal entries will be required.

3. Journalize the actual expenditure and liability in the governmental activities (government- wide) journal:

8/1/16. The Town of Juno allotted approximately 40% of the remaining balance of annual appropriations to the various agencies. Journalize the entry in the general fund to record the allocation of this second allotment:

8/12/16. The Town of Juno issued a note with the proceeds used to finance the cost of acquiring two (2) emergency vehicle units costing $94,000 each.

1. Journalize the 8/12/16 issuance of the note in the general fund:

2. Journalize the 8/12/16 issuance of the note in the governmental activities (government-wide) journal:

7/16/16. Received only part of the 6/12/16 order for General Government, while 100% of the orders for Public Safety and Public Works were received. Actual costs and estimated costs below of the order received:

actual cost estimated cost

General Government $ 126,940 $ 126,820

Public Safety 54,274 54,318

Public Works 28,950 29,374

Total $ 210,164 $ 210,512

1. Journalize the receipt of the order in the general fund:

2. Journalize the actual expenditure and liability in the general fund: