Item1 100points View previous attempt Item 1 The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020 Beginning balances were Cash, $92,000 Taxes Receivable, $188,000 Accounts Payable, $51,500 and Fund Balance, $228,500 The budget was passed Estimated revenues amounted to $1,220,000 and appropriations totaled $1,217,600 All expenditures are classified as General Government Property taxes were levied in the amount of $910,000 All of the taxes are expected to be collected before February 2021 Cash receipts totaled $880,000 for property taxes and $295,000 from other revenue Contracts were issued for contracted services in the amount of $93,500 Contracted services were performed relating to $84,000 of the contracts with invoices amounting to $82,600 Other expenditures amounted to $959,000 Accounts payable were paid in the amount of $1,085,000 The books were closed Required a Prepare journal entries for the above transactions (please correct journal entries only) b Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund c Prepare a Balance Sheet for the General Fund assuming there are no restricted or assigned net resources and outstanding encumbrances are committed by contractual obligation Please what is revenue control its not on the selections Correct answer only please This is my 3rd time to post and asking your help I appreciate your help a lot Thank you

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Item1 100points View previous attempt Item 1 The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended

Item1

100points

View previous attempt

Item 1

The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020:

Beginning balances were: Cash, $92,000; Taxes Receivable, $188,000; Accounts Payable, $51,500; and Fund Balance, $228,500.
The budget was passed. Estimated revenues amounted to $1,220,000 and appropriations totaled $1,217,600. All expenditures are classified as General Government.
Property taxes were levied in the amount of $910,000. All of the taxes are expected to be collected before February 2021.
Cash receipts totaled $880,000 for property taxes and $295,000 from other revenue.
Contracts were issued for contracted services in the amount of $93,500.
Contracted services were performed relating to $84,000 of the contracts with invoices amounting to $82,600.
Other expenditures amounted to $959,000.
Accounts payable were paid in the amount of $1,085,000.
The books were closed.

Required: a. Prepare journal entries for the above transactions. (please correct journal entries only) b. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund. c. Prepare a Balance Sheet for the General Fund assuming there are no restricted or assigned net resources and outstanding encumbrances are committed by contractual obligation.

Please what is revenue control its not on the selections. Correct answer only please. This is my 3rd time to post and asking your help. I appreciate your help a lot. Thank you!