Help with I-J posted the whole question just in case there are related to other problems.

A The total estimated revenue budget for 2014 is $12,000,000 and the total appropriations for 2042 are $11,500,000. Record the budget (without subsidiary ledger detail).

Estimated Revenues Control $12,000,000 Appropriations Control $11,500,000 Budgetary Fund Balance $500,000 B On Feb. 1, Smyth County was able to get a Tax Anticipation Note that was secured by the countys power to tax. The county borrowed $400,000 from Wells Fargo bank and planned to repay the loan as tax collections begin to exceed current disbursements for the year. Cash $400,000 Tax Anticipation Notes Payable $400,000 C On May 1, the county paid back the note payable with $15,000 in interest. Tax Anticipation Notes Payable $400,000 Expenditures Control $15,000 Cash $415,000 D On Feb. 2nd, property taxes of $ 8,000,000 were levied for Smyth County. Assume that 3 percent of these taxes are estimated to be uncollectible due to local economic conditions. Record the entry when the tax is levied. Taxes Receivable Current $8,000,000 Estimated Uncollectible Current Taxes $240,000 Revenues Control $7,760,000 E On May 10th, Taxes Receivable were received in the amount of $3,500,000. Cash $3,500,000 Taxes Receivable-Current $3,500,000 F On April 5th, purchase orders for equipment and consulting services were issued in the amount of $1,300,000. Encumbrances Control $1,300,000 Budgetary Fund Balance -- Reserve for Encumbrances $1,300,000 G On April 28th, purchase orders were filled in the amount of $1,105,000. The invoice amount was $1,110,000. Budgetary Fund Balance -- Reserve for Encumbrances $1,110,000 Encumbrances Control $1,110,000 H On April 30th, expenditures for wages and monthly bills not encumbered, amounted to $1,040,000. The bills were approved for payment in May by the City Council Expenditures Control $1,105,000 Accounts Payable $1,105,000 I On May 3rd, the amounts from entries g & h less 10% to be paid in june were paid J On Nov 10th, the second half of the Property Taxes Receivable were received in the amount of $4,000,000. Bank $4,000,000 Property Taxes Receivable $4,000,000 K On, Dec. 20th, a review of Taxes Receivable subsidiary ledger indicates following: $20,000 would be received 120 days after year-end, $42,000 would be received ,90 days after year-end,$25,000 would be received 60 days after year-end, $21,000 would be received 30 days after year-end Record the property tax revenue deferred of $62,000 that is required by the GASB. Property Taxes Receivable $108,000 Property Taxes Deferred Rev. $108,000 L The current property taxes receivable of $500,000 less the revenue deferred of $62,000 in K are classified as delinquent along with the amount that is required by the GASB. Property Taxes Receivable $62,000 Property Taxes Deferred Revenue $62,000 M On Dec. 2, purchase orders were issued for supplies in the amount of $440,000. NO Entry N On December 15, supplies, relating to all of the prior year purchase orders ($400,000), were received along with invoices amounting to $397,000. Supplies $400,000 Account Payable $397,000 Purchase Discount 3000 O Received 6% interest revenue on the Investments (beg. Balance) in cash. P Record the closing entry. Remember that the actual revenues is closed by a debit with a credit to Estimated Revenues and the balance to Fund Balance. Q Record the closing entry. Remember that the actual expenditures and the balance in Encumbrances is closed by a credit with a debit to Appropriations and the balance to Fund Balance. R Prepare a 12/31/14 Balance Sheet assuming the beginning balances and journal entries A to Q and the books have been closed out to Fund Balance.