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If you can help that's great, if not that's ok :) General Fund - Entries and Financial Statements Below are the July 1, 2022, balances

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If you can help that's great, if not that's ok :)

General Fund - Entries and Financial Statements Below are the July 1, 2022, balances for the general fund of Montana County. The county's fiscal year ends June 30. taxes receivable are uncollected 2022 taxes. All expenditures are recorded in accounts payable. The following events occurred in fiscal 2023: Accrued the state grants. a. Prepare entries necessary at the beginning of the year to record the budget and make any other necessary adjustments or accruals. Fiscal 2023 events continued: 2. Levied property taxes of $300,000, of which 5 percent are estimated to be uncollectible. Collected $280,000 of these taxes. 3. Received $25,000 in state grants. 4. Collected $10,000 in 2022 taxes; wrote off the remainder. 5. Transferred $50,000 to the special revenue fund. 6. Received $65,000 in cash for fees and licenses. 7. Received the inventories connected with purchase orders outstanding as of the end of fiscal 2022 . The bill was $3,200. 8. Paid $8,000 to the capital projects fund, as a temporary loan. 9. Received $12,000 from the special revenue fund as partial repayment of a loan made in fiscal 2019. 10. Purchased inventories of $45,000. 11. Made other expenditures of $320,000 during the year. Purchase orders outstanding at year-end total $1,600. 12. Total accounts payable paid in fiscal 2023 amounted to $367,000. 13. Of the fiscal 2023 taxes uncollected at year-end, $8,000 are expected to be collected within 60 days. ients. Prepare any adjusting entries related to item (13) above. Note: If space provided for second journal entry is not needed, select N/A as your debit and credit accounts and leave amounts blank (zero). c. Prepare the necessary closing entries for June 30, 2023. - Use negative signs with excess revenues over (under) expenditures answers, if "under" applies. - Use a negative sign any amount that reduces the balance (i.e. expenditures \& transfers out). Reconciliation of beginning and ending fund balances. e. Present, in good form, the balance sheet for the general fund of Montana County for June 30, 2023

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