Governmental Activities at the Government-wide Level resented below are a number of transactions for the City of Smithville that occurred during iscal year 2023 , the year for which the budget given in Chapter 3 was recorded. After opening the data file containing your data from Chapters 2 and 3 of this project, record the following transactions in the general journal for the General Fund and, if applicable, in the general journal for governmental activities at the government-wide level. For all entries, the date selected should be year 2023. For each of the paragraphs that requires entries in both the General Fund and governmental activities journals, you can either record them in both journals on a paragraph-by-paragraph basis or, alternatively, record all the General Fund journal entries first for all paragraphs, then complete the governmental activities journal entries for all paragraphs. If you choose the latter method, it might be useful to print the General Fund general journal entries to assist in making the entries in the governmental activities journal. Regardless of the method you choose, we highly recommend that you refer to the illustrative journal entries in the textbook for guidance in making all entries. For each entry affecting budgetary accounts or operating statement accounts, you will be directed to the Detail Journal to record the appropriate amounts in the detail budgetary or actual accounts as was the case in Chapter 3. 1. [Para. 4-a-1] On January 2, 2023, property taxes were levied for the year in the amount of $1,878,700. It was estimated that 1 percent of the levy would be uncollectible. Required: Record this transaction in both the General Fund and governmental activities journal. Type 4-a-1 as the paragraph number in the [Add description] field for this entry; 4-a-2 for the next transaction, etc. Careful referencing by paragraph number is very helpful should you need to determine where you may have omitted a required journal entry or may have made an error. For the General Fund only you will be directed to the Detail Journal where you will select "Accrued Revenue" in the drop down [Description] menu when recording property tax revenue. 2. [Para. 4-a-2] Encumbrances were recorded in the following amounts for purchase orders issued against the appropriations indicated: Required: Record the encumbrances in the General Fund general journal and Detail Journal as appropriate. In the Detail Journal, select "Purchase orders" from the dropdown [Description] menu. [Para. 4-a-3] Cash was received during the year in the total amount of $4,305,169 for collections from the following receivables and cash revenues, as indicated: Required: 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. For purposes of the governmental activities entries at the government-wide level assume the following revenue classifications: Governmental Activities at the Government-wide Level resented below are a number of transactions for the City of Smithville that occurred during iscal year 2023 , the year for which the budget given in Chapter 3 was recorded. After opening the data file containing your data from Chapters 2 and 3 of this project, record the following transactions in the general journal for the General Fund and, if applicable, in the general journal for governmental activities at the government-wide level. For all entries, the date selected should be year 2023. For each of the paragraphs that requires entries in both the General Fund and governmental activities journals, you can either record them in both journals on a paragraph-by-paragraph basis or, alternatively, record all the General Fund journal entries first for all paragraphs, then complete the governmental activities journal entries for all paragraphs. If you choose the latter method, it might be useful to print the General Fund general journal entries to assist in making the entries in the governmental activities journal. Regardless of the method you choose, we highly recommend that you refer to the illustrative journal entries in the textbook for guidance in making all entries. For each entry affecting budgetary accounts or operating statement accounts, you will be directed to the Detail Journal to record the appropriate amounts in the detail budgetary or actual accounts as was the case in Chapter 3. 1. [Para. 4-a-1] On January 2, 2023, property taxes were levied for the year in the amount of $1,878,700. It was estimated that 1 percent of the levy would be uncollectible. Required: Record this transaction in both the General Fund and governmental activities journal. Type 4-a-1 as the paragraph number in the [Add description] field for this entry; 4-a-2 for the next transaction, etc. Careful referencing by paragraph number is very helpful should you need to determine where you may have omitted a required journal entry or may have made an error. For the General Fund only you will be directed to the Detail Journal where you will select "Accrued Revenue" in the drop down [Description] menu when recording property tax revenue. 2. [Para. 4-a-2] Encumbrances were recorded in the following amounts for purchase orders issued against the appropriations indicated: Required: Record the encumbrances in the General Fund general journal and Detail Journal as appropriate. In the Detail Journal, select "Purchase orders" from the dropdown [Description] menu. [Para. 4-a-3] Cash was received during the year in the total amount of $4,305,169 for collections from the following receivables and cash revenues, as indicated: Required: 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. For purposes of the governmental activities entries at the government-wide level assume the following revenue classifications