Every entry should have narration please

Prepare the journal entries required to record the following transactions and information in the General Fund of a county.

1. The county adopted the General Fund budget for the year. Estimated revenues were

$ 24,000,000, appropriations enacted totaled $22,500,000.

2. The county levied property taxes of $10,000,000 for the fiscal year. The county

typically collects 97.5% of its levy. Ninety percent of the levy is expected to be

collected during the fiscal year; another 3% of the levy is expected to be collected

in the first two months of the next fiscal year.

3. Other charges for services billed for inspection services, parking privileges, and

similar items totaled $500,000. All but $ 5,000 is expected to be collected, but

$60,000 probably will not be collected until the latter half of the next fiscal year.

4. The county placed orders for materials and supplies for General Fund departments.

The estimated cost of these items was $350,000. The county uses the purchases

method to account for materials and supplies.

5. The county ordered equipment to be used by General Fund departments.

The estimated cost of the equipment was $1,200,000.

6. The county received half of the materials and supplies ordered and received the

equipment. The actual costs were: for materials and supplies, $190,000; for

equipment $1,225,000.

7. Payroll was approved for payment (but not yet paid), $ 8,000,000.

8. The county collected $ 8,500,000 of property taxes the year.

The balance of the taxes receivable is past due.

9. The county paid vouchers payable totaling $8,150,000.

10. Interest and penalties of 10% of the unpaid balances were assessed on delinquent

taxes; 15% of the interest and penalties assessed are expected to prove uncollectible.

The remainder should be collected when the associated taxes receivable are collected.