Journal Entries for 1-21. See attachment for Problem.

1.TheG-enedFmdrnadeaperrnanenrWaf.m.mmrwodrhgcapitdtostana muicbdaipmfheciyusedpmofmammeytogethawihmeproceedsma $25,000,000 mmbondissue. to puchaseana'rportfrom aprivate company. The fair valuesoftheassersandiabiieswereasfolows: Thecityprlchasedthea'portformefa'martetvareofisnetassets. 2.Aiesmbied$3.9m.Mfamri9Mstouethkaom-uasmlauhgmd maintenance space. Ofthis amount. 33.8%.\" is expected to be colecrie. 3. Suppies totai'rg 34.500 were purchased on crerit. 4. Colections from nines totaled $1850.01\". 5. SalariesofSZm.MHerepaidtoaipodpersmrelernpbyedbythecity. 6. Utiy his totaivg 51(1).\" were paid. 7.Anotioe'nas receivedfromtheLast District BanknrptcyCourLAiChancewasdeclared mw.Tt-eaiporrcolectedody$1.MOnitsbiof$3.0m. B.Theaiponoaiud$3.M.MdachmemmrhuuthGemFu tohebranceimprovementsatthe airport. 9. Inrerest of $1.825!!!) was paid tome bondholders. 10. Suppies used during the year totaled $3.600. I1.TheGe-neralFmd madeanadvancetotheaiportofSl.5m.m. Ai-pcrtmanagememplans torepaytheadvancehhlirzom. 12.Accntractwas signedwithTheConstmctionCompanyforthemfacities foratotalprice of SMIHMD. 13. The Mmic'qaal Aiport Fmd iwested $2.01).\" '11 CDs. 14. The Municipal Ai'pcrt Fund received $315,000 upon redeem'ng $300.!!!) of the CDs mentioned 'ntransaction 13. 15. The aiport purchased adcitiona eqriamenr for 3300.000 cash. 16. lmerestexpenseofsamtInwas accusedartheendoftheyear. 1?. Other accrued expenses rotated $55.11!). 18. Depreciation was recorded as folows: 19. 312.51!) of accounts payable was paid. 20. $150.11)!) of interest revertue was received. 21. Excess cash of 34.500300 was iwested in CDs