Help I need help with cities of smithville and Bingham 19th edition chapter 4, This project is due on friday and I am only on chapter 4

1. [Para. 4a-1] Property taxes were levied in the amount of $7,750,000. It is estimated that 1 percent of the tax will be uncollectible.

Required: Record this transaction in both the General Fund and governmental activities journal. Record the tax levy as a revenue in both journals; you will adjust for unavailable revenues at year end. Type 4a-1 as the paragraph number in the [Add description] box for this entry; 4a-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 made an error. Select Accrued Revenue in the drop down [Description] menu in the Detail Journal related to the General Fund entry.

2. [Para. 4a-2] Tax anticipation notes were issued in the amount of $500,000.

Required: Record the issuance of this note in both the General Fund and governmental activities general journals.

3. [Para. 4a-3] Purchase orders, contracts, and other commitment documents were issued in the following amounts for the following functions:

General Government $ 395,000

Public Safety 1,055,000

Public Works 980,750

Health and Welfare 665,725

Culture and Recreation 625,125

Miscellaneous 98,000

Total $3,819,600

Required: Record the encumbrances in the General Fund general journal and Detail Journal as appropriate. In the Detail Journal, select Purchase Orders from the drop down [Description] menu.

4. [Para. 4a-4] Grant funds of $25,000 recorded as Deferred Inflows of Resources at the end of FY 2022 were recognized as revenue when timing requirements were met.

Required: Record the revenue in both the General Fund and governmental activities general journals by debiting Deferred Inflows of Resources and crediting Revenue. Select Previous Deferral in the drop down [Description] menu in the Detail Journal. (This amount was included in the budget as Intergovernmental Revenue in the General Fund.) At the government-wide level the grant funds should be classified as Program Revenues-Health and Welfare-Operating Grants and Contributions.

5. [Para. 4a-5] The General Fund paid $245,654 on the vouchers payable that were outstanding at the end of FY 2022.

Required: Record the payment of this amount in both the General Fund and governmental activities general journals.

6. [Para. 4a-6] The General Fund collected the following receivable amounts in cash:

Current year Property Taxes $7,302,000

Delinquent Taxes 378,000

Interest and Penalties Receivable on Taxes 22,860

Sales Taxes 768,000

Total $8,470,860

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. Sales taxes exceeding the sales taxes receivable balance should be recorded as revenues. In addition to the cash collection, remember to recognize revenue in the General Fund for the delinquent taxes and interest and penalties collected by reducing the deferred inflows of resources balance. These revenues were not expected to be collected within 60 days of year end, thus they were not considered available under the modified accrual basis of accounting and were classified as Deferred Inflows of Resources in the General Fund. Select Previous Deferral in the drop down [Description] menu in the Detail Journal.

7. [Para. 4a-7] The General Fund collected the following amounts in cash:

Licenses and Permits 479,000

Fines and Forfeits 519,000

Intergovernmental Revenues 520,500

Charges for Services 385,750

Miscellaneous Revenues 220,500

Total $2,124,750

Required: Record the receipt of cash and additions to 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 governmental activities at the government-wide level, all Licenses and Permits and Charges for Services were attributable to the General Government function as Program Revenue-Charges for Services. Fines and forfeits were collected by General Government departments in the amount of $200,000 and by Public Safety departments in the amount of $319,000. Intergovernmental Revenues should be credited to Program RevenuesGeneral GovernmentOperating Grants and Contributions.

8. [Para. 4a-8] The General Fund paid the $19,400 reported as Due to Other Funds at the end of FY 2022. This amount was reported as Internal Payables to Business-type Activities at the government-wide level. Do not record this transaction in the Water Utility Fund until instructed to do so in Chapter 7 of this case.

Required: Record the payment of this amount in both the General Fund and governmental activities general journals.

9. [Para. 4a-9] Delinquent taxes receivable in the amount of $18,000 were written off as uncollectible. Interest and penalties accrued on these taxes in the amount of $1,350 were also written off.

Required: Record the writeoffs in both the General Fund and governmental activities general journals.