(GL and SL Entries;Sl Trial Balance) The City of Asher had the follow transactions, among others, in 20X7:
1. The council estimated that revenues of $210,000 would be generated for the general fund in 20X7. The sources and amounts of expected revenues are as follows:
Property taxes $150,000
Parking Meters $5,000
Business licenses $30,000
Amusement licenses $10,000
Charges for services $8,000
Other Revenues $7,000	Bitmap
		$210,000
2. Property taxes of $152,000 were levied by the council;$2,000 of these taxes are expected to be uncollectible
3. The council adopted a budget revision increasing the estimate of amusement licenses revenue by $2,000 and decreasing the estimate for business licenses
revenue by $2,000
4. The following collections were made byt the city:
Property taxes					$140,000
Parking Meters					5,500
Business Licenses					28,000
Amusement licenses					9,500
Charges for services(not previously accrued)					9,000
Other revenue					10,000
					202,000
5. The resources of a discontinued Capital Projects Fund were transferred to the General Fund, $4800
6. Enterprise Fund cash of $5,000 was paid to the General Fund to subsidize its operations
a. Prepare general journal entries and budgetary entries to record the transactions in the General Ledger and Revenue Subsidary Ledger accounts.
b. Prepare a trial balance of the Revenues Ledger after posting the general journal entries prepared in item (a). Show agreement with the control accounts.
c. Prepare the general journal entries to close the revenue accounts in the General Ledger and Revenues Ledger.