FACTS:

General Fund

Post$-$closing Trial Balance As of December $31,2022,$ showed Sales Taxes Receiveable of $9562$

We recorded the Property Tax levy of $3,500,000$ with a $1\%$ allowable as uncollectible.

The General Fund collected the following receivable amounts in cash:

REQUIRED: For the activities in $1,$ We need to record the receipt of cash and the related credits to receivables and

revenues accounts, as applicable, in both the General Fund and governmental activities journals. $($Select

"Received in Cash" in the drop down $[$Description$]$ menu in the Detail Journal related to the General Fund revenue

entries.$)$ Sales taxes exceeding the sales taxes receivable balance should be recorded as revenues.

In addition to the cash collection, remember to recognize revenue in the General Fund for the full amount of the

delinquent taxes and interest and penalties collected by reducing the deferred inflows of resources balance. These

revenues were not expected to be collected within $60$ days of year end. thus they were not considered "available"

under the modified accrual basis of accounting and were classified as Deferred Inflows of Resources in the

General Fund. Select "Previous Deferral" in the drop down $[$Description$]$ menu in the Detail Journal. PAY

ATTENTION TO RECLASSIFICATION!

For governmental activities at the government$-$wide level, all Licenses and Permits and Charges for Services were

attributable to the General Government function as Program Revenue$-$Charges for Services. Fines and forfeits were

collected by General Government departments in the amount of $$100,000$ and by Public Safety departments in the

amount of $$110,250.$ Intergovernmental Revenues should be credited to Program Revenues$-$General

Government$-$Operating Grants and Contributions.

Please provide the Journal entries necessary according to GASB for the General Fund and Government Wide