For each of the following revenue transactions affecting a city, identify the class in which the revenue falls and prepare an appropriate fund journal entry for the current year (2022) as necessary. Provide a brief explanation of, or justification for, your entry.

SOME OF THE DETAILS OF THE TRANSACTIONS HAVE BEEN CHANGED. PLEASE READ THE INFORMATION CAREFULLY!!!

1. The city imposes a $100 tax on each sale of real estate. The tax is collected by the title companies that process the sales and must be forwarded to the city within 30 days of the transaction. In December, there were 600 sales of real estate. As of yearend, the city had collected $40,000 of the $60,000 that it was owed.

2. In December 2021, the state announced that the city's share of state assistance for the calendar year 2022 would be $120 million.

3. The city imposes a tax on all homes owned by residents. The tax is equal to 1 percent of the assessed value of a home (determined by the city, taking into account the home's original cost and age). In 2022, the city levied $640,000 of property taxes, of which it collected $450,000, $40,000 is estimated to be uncollectible.

4. A local resident sends to the city a copy of her will in which she bequeaths $3 million to the city museum upon her death. She died January 2022.

5. The U.S. Department of Justice announces that it will reimburse the city up to $400,000 for the purchase of telecommunications equipment. As of yearend, the city had incurred only $350,000 in allowable expenditures.