e. The City makes the following payments related to its outstanding debt: Expenditures - Debt Principal Payments $1,400 Expenditures - Debt Interest Payments 200

f. The City collects accounts receivable ($20,386 relating to property taxes and $3,502 relating to intergovernmental receivables) and pays outstanding accounts payable in the amount of $22,494 during the year.

g. The City recognizes an increase of $292 in Deferred Revenues as a year-end adjustment to yield a balance in that account of the total property taxes receivable that are not expected to be collected within 60 days

. h. The City makes the required closing entries to close out the budgetary and operating accounts. In addition, the City closes out the remaining $460 balance of budgetary ENCUMBRANCES outstanding and formally charges that balance to Fund Balance unassigned since the outstanding invoices are expected to be honored in the next fiscal year.

Required: Prepare journal entries in the General Fund for each of the events presented above.