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I have done some work on this so far, please correct anything if I'm wrong. 1. For 2019, the property tax levy for debt servke

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I have done some work on this so far, please correct anything if I'm wrong.

1. For 2019, the property tax levy for debt servke is $1,000,000 with $4,000 expected to be uncollectible. 2. Property taxes of $950,000 are collected prior to the first interest payment being due on the bonds. 3. Finance director, Yulianti Abbas, invests $750,000 in a short-term investment 4. The investment matures with interest earnings of 54.000 5. The city transfers 550.000 from the General Fund to the Debt Service Fund 6. The city makes its first interest payment on the bands in the amount of 51 million 7. The city pays the bill of 54.000 from its fiscal agent for servicing the debt. Description Property tas receivable . Allowance for collect ble property taxes. Revenues property tas 2 Cash + Property taxes recevable . 3 Investments Debit 1.000.000 0 0 950.000 O Credit 0 4.000 936.000 790.000 950,000 0 750.000 D 350.000 4.000 . 754.00) mestments Revenues interest 5 Transfer in from Gorral Fund Cash 6 Expenditures . o 50 000 o 1.000.000 O son D 1.000.00 4,000 Tood matured interest tapenditures calentes Trade in from General Fund To record the payment of cash to the fiscalagent 0 4.000 0 0 o pyrere to search o 1. For 2019, the property tax levy for debt servke is $1,000,000 with $4,000 expected to be uncollectible. 2. Property taxes of $950,000 are collected prior to the first interest payment being due on the bonds. 3. Finance director, Yulianti Abbas, invests $750,000 in a short-term investment 4. The investment matures with interest earnings of 54.000 5. The city transfers 550.000 from the General Fund to the Debt Service Fund 6. The city makes its first interest payment on the bands in the amount of 51 million 7. The city pays the bill of 54.000 from its fiscal agent for servicing the debt. Description Property tas receivable . Allowance for collect ble property taxes. Revenues property tas 2 Cash + Property taxes recevable . 3 Investments Debit 1.000.000 0 0 950.000 O Credit 0 4.000 936.000 790.000 950,000 0 750.000 D 350.000 4.000 . 754.00) mestments Revenues interest 5 Transfer in from Gorral Fund Cash 6 Expenditures . o 50 000 o 1.000.000 O son D 1.000.00 4,000 Tood matured interest tapenditures calentes Trade in from General Fund To record the payment of cash to the fiscalagent 0 4.000 0 0 o pyrere to search o

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