Help need chapter 4 cities of smithville and Bingham 19th edition Para 4a 10 General Fund payrolls for the year totaled $6,673,038 Of that amount, $1,020,975 was withheld for employees' federal income taxes $1,134,416 for federal payroll taxes $381,760 for employees state income taxes $420,296 for retirement funds administered by the state government and the remaining $3,715,591 was paid to employees in cash The City of Bingham does not record encumbrances for payrolls The payrolls were chargeable against the following functions appropriations General Government $ 2,200,376 Public Safety 2,731,644 Public Works 790,481 Health and Welfare 501,673 Culture and Recreation 448,864 Total $ 6,673,038 Required Make summary journal entries for payroll in both the General Fund and governmental activities general journals for the year Para 4a 11 Invoices for some of the goods and services ordered in transaction 4a 3 were received and vouchered for later payment Select Elimination in the drop down Description menu in the Detail Journal Actual Estimated General Government $ 394,940 $ 393,060 Public Safety 1,047,650 1,049,500 Public Works 964,300 965,620 Health and Welfare 661,200 663,600 Culture and Recreation 615,750 617,000 Miscellaneous 98,000 98,000 Totals $3,781,840 $3,786,780 Required Record the receipt of these goods and the related vouchers payable in both the General Fund and governmental activities journals At the government wide level, you should assume the city uses the purchases inventory method Thus, the invoiced amounts above should be recorded as expenses of the appropriate functions, except for $125,000 of playground equipment ordered by Culture and Recreation and $400,000 worth of vehicles for Public Safety The equipment and vehicles meet the citys threshold for capitalization (debit Equipment for these items at the government wide level) Record expenditures charged to the miscellaneous appropriation as General Government expenses at the government wide level Para 4a 12 The General Fund paid vouchers during the year in the amount of $3,515,000 as well as its liabilities for employees federal and state income taxes withheld and payroll taxes Required Record the payment of these items in both the General Fund and governmental activities general journals Para 4a 13 The General Fund transferred $75,000 to the debt service fund for a bond interest payment Required Record this transaction in the General Fund only The transaction has no effect at the government wide level since it occurs between two governmental activities Do not record this transaction in the debt service fund until instructed to do so in Chapter 6 of this case Para 4a 14 Tax anticipation notes issued by the General Fund were paid at maturity at the face amount plus interest of $10,000 Required Record the payment of these items in both the General Fund and governmental activities general journals For the General Fund charge Miscellaneous for the interest expenditure At the government wide level, debit ExpensesInterest on Tax Anticipation Notes Para 4a 15 The General Fund recorded liabilities of $35,000 to other funds for services received from the Water Utility Fund during the year Of this amount, $23,500 should be charged to Public Safety and $11,500 to General Government Required Record the receipt of these services and the associated liability in the General Fund and governmental activities journals At the government wide level the liability should be credited to Internal Payables to Business type Activities Do not record these items in the Water Utility Fund until instructed to do so in Chapter 7 of this case Para 4a 16 The year end balance of supplies inventory is $7,000 Required Adjust the inventory of supplies account in both the General Fund and governmental activities journals At the government wide level expenses in General Government can be reduced by $7,000 In the General Fund, fund balance should be classified as nonspendable

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Help need chapter 4 cities of smithville and Bingham 19th edition [Para. 4a-10] General Fund payrolls for the year totaled $6,673,038. Of that amount, $1,020,975

Help need chapter 4 cities of smithville and Bingham 19th edition

[Para. 4a-10] General Fund payrolls for the year totaled $6,673,038. Of that amount, $1,020,975 was withheld for employees' federal income taxes; $1,134,416 for federal payroll taxes; $381,760 for employees state income taxes; $420,296 for retirement funds administered by the state government; and the remaining $3,715,591 was paid to employees in cash. The City of Bingham does not record encumbrances for payrolls. The payrolls were chargeable against the following functions appropriations:

General Government $ 2,200,376

Public Safety 2,731,644

Public Works 790,481

Health and Welfare 501,673

Culture and Recreation 448,864

Total $ 6,673,038

Required: Make summary journal entries for payroll in both the General Fund and governmental activities general journals for the year.

[Para. 4a-11] Invoices for some of the goods and services ordered in transaction 4a-3 were received and vouchered for later payment. Select Elimination in the drop down [Description] menu in the Detail Journal:

Actual Estimated

General Government $ 394,940 $ 393,060

Public Safety 1,047,650 1,049,500

Public Works 964,300 965,620

Health and Welfare 661,200 663,600

Culture and Recreation 615,750 617,000

Miscellaneous 98,000 98,000

Totals $3,781,840 $3,786,780

Required: Record the receipt of these goods and the related vouchers payable in both the General Fund and governmental activities journals. At the government-wide level, you should assume the city uses the purchases inventory method. Thus, the invoiced amounts above should be recorded as expenses of the appropriate functions, except for $125,000 of playground equipment ordered by Culture and Recreation and $400,000 worth of vehicles for Public Safety. The equipment and vehicles meet the citys threshold for capitalization (debit Equipment for these items at the government-wide level). Record expenditures charged to the miscellaneous appropriation as General Government expenses at the government-wide level.

[Para. 4a-12] The General Fund paid vouchers during the year in the amount of $3,515,000 as well as its liabilities for employees federal and state income taxes withheld and payroll taxes.

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

[Para. 4a-13] The General Fund transferred $75,000 to the debt service fund for a bond interest payment.

Required: Record this transaction in the General Fund only. The transaction has no effect at the government-wide level since it occurs between two governmental activities. Do not record this transaction in the debt service fund until instructed to do so in Chapter 6 of this case.

[Para. 4a-14] Tax anticipation notes issued by the General Fund were paid at maturity at the face amount plus interest of $10,000.

Required: Record the payment of these items in both the General Fund and governmental activities general journals. For the General Fund charge Miscellaneous for the interest expenditure. At the government-wide level, debit ExpensesInterest on Tax Anticipation Notes.

[Para. 4a-15] The General Fund recorded liabilities of $35,000 to other funds for services received from the Water Utility Fund during the year. Of this amount, $23,500 should be charged to Public Safety and $11,500 to General Government.

Required: Record the receipt of these services and the associated liability in the General Fund and governmental activities journals. At the government-wide level the liability should be credited to Internal Payables to Business-type Activities. Do not record these items in the Water Utility Fund until instructed to do so in Chapter 7 of this case.

[Para. 4a-16] The year-end balance of supplies inventory is $7,000.

Required: Adjust the inventory of supplies account in both the General Fund and governmental activities journals. At the government-wide level expenses in General Government can be reduced by $7,000. In the General Fund, fund balance should be classified as nonspendable.