Following are a number of events relating to the City of Maxwell (all amounts in $1,000s).

a. The citizens approve the following budget for the year: ESTIMATED REVENUES $ 23,678 ESTIMATED OTHER FINANCING SOURCES 4,000 APPROPRIATIONS (23,184) BUDGETARY FUND BALANCE $ 4,494

b. The City records the following revenues (on account) and other financing sources (paid in cash) during the year: Revenues - Real Estate & Personal Property Taxes $20,476 Revenues - Intergovernmental 3,686 Other Financing Sources - Bond Proceeds 4,000

c. The City issuances purchase invoices totaling $22,954 (record the issuance of invoices as a lump sum).

d. The City recognizes the following expenditures, all on account (these expenditures were previously reserved as budgetary ENCUMBRANCES): Expenditures - General Government $3,444 Expenditures - Public Safety 2,296 Expenditures - Education 13,772 Expenditures - Public Works 1,148 Expenditures - Human Services 2,294

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.