im having trouble figuring out the closing entries to this general fund. Can you show me how to choose the correct account titles and amounts? Part A: Prepare in good form the following journal entries. Enter all dollar amounts with values since cell references not provided. Ent

General Journal

For Year Ending December $31,2021$

On Feb $1$st$,$ Estimated revenues were $$1,200,000($ $$905,000$ was estimated for property tax, $$200,000$ for sales tax, and $$95,000$ in other

revenues$)$ and appropriations totaled $$1,196,000.$ All expenditures are considered general government.

On March $1$st$,$ property taxes were levied for $$902,000,$ the community does not utilize an allowance account, as everything is expected

collected within the fiscal vear.

On April $1$st cash receipts totaled $$870,000$ for property taxes and $$200,000$ for sales taxes, and $75,000$ for other taxes.

On May $1$st the city council passed an amendment to the budget to increase appropriations for community events by $$100,000.$ They rec

the appropriation for general government expenditures for te full amount.

$\frac{5}{1}\frac{?}{{2021}^r}$

On June $3$rd$,$ contracts were issued for two community events in the amount of $$90,000.$

$\frac{6}{3}\frac{?}{{2021}^Y}$

Services were performed on June $28$ th relating to $$82,000$ of the June $3$ rd contracts; the actual invoices were $$80,000.$ Reverse the

encumbrance.

$\frac{6}{28}\frac{?}{{2021}^{TT}}$

Services were performed on June $28$ th relating to $$82,000$ of the June $3$ rd contracts; the actual invoices were $$80,000.$ Record the actual

expenditure.