Following are descriptions of transactions and other financial events for the City of Tetris for the year ending December 2015. Not all transactions have been included here. Only the General Fund formally records a budget. No encumbrances were carried over from 2014.

Paid salary for police officers	$	21,000
Received government grant to pay ambulance drivers		40,000
Estimated revenues		232,000
Received invoices for rent on equipment used by fire department during last four months of the year		3,000
Paid for newly constructed city hall		1,044,000
Made commitment to acquire ambulance		111,000
Received cash from bonds sold for construction purposes		300,000
Placed order for new sanitation truck		154,000
Paid salary to ambulance driversmoney derived from state government grant given for that purpose		24,000
Paid for supplies for school system		16,000
Made transfer from General Fund to eventually pay off a long-term debt		33,000
Received but did not pay for new ambulance		120,000
Levied property tax receivables for 2015. City anticipates that 95% ($190,000) will be collected during the year and 5% will be uncollectible		200,000
Acquired and paid for new school bus		40,000
Received cash from business licenses and parking meters (not previously accrued)		14,000
Approved appropriations		225,000

Assume that 60 percent of the school supplies are used during the year and the consumption method is being applied. Also assume that the payment for rent on equipment was made from current financial sources.

The following questions are independent although each is based on the preceding information. Assume that the government is preparing information for its fund financial statements.

a.	What is the balance in the Budgetary Fund Balance account for the budget for the year? Is it a debit or credit?

d.	Assume that new ambulance was received on December 31, 2015. Provide all necessary journal entries on that date. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

e.

Prepare all journal entries that should have been made when the $33,000 transfer was made for the eventual payment of a long-term debt. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

f.

What amount of revenue would be recognized for the period?

g.	What are the total expenditures?

h.	What journal entry was prepared when the bonds were issued? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)