journal entries ror year$-$ena adjustments

The chief accountant for Ramsey City needed to make adjusting entries before preparing the city's financial statements for calendar year $2022.$

Use the following information to make the year$-$end adjusting journal entries, if needed. Identify the expenditure accounts at the object$-$of$-$expenditure level.

$($Make the journal entry to record the billing to the state.$)$

During the last week in December, Ramsey's employees earned $$80,000.$ They will be paid with the first paycheck in $2023.$

The city received an invoice for $$15,000$ from its Electricity Proprietary Fund for December electricity services. The invoice, which has not yet been entered in the records, will be paid in early February.

City employees are allowed to accumulate up to $30$ days' vacation leave and to get cash for unused leave when they are terminated or retire.

The total liability to city employees for earned, but unused, vacation leave increased from $$1,210,000$ to $$1,290,000$ during $2022.$ Two employees retired during the last week of December and will be paid $$22,000$ for unused leave with their final paychecks in January.

As of December $31,$ settlements amounting to $$35,000$ were reached with two claimants. They will be paid in January.

The city operates a Pension Trust Fund to pay employee benefits. The plan has assets sufficient to pay for $85$ percent of its long.term pension obligations. The city actuary recommended that the city contribute $$950,000$ to the Trust Fund in $2022.$

However, the city council appropriated only $$300,000.$ That amount was paid to the Trust Fund in October, and the council made no furrther appropriation for the year.

The city Health Department has a state grant that must be used for a specific purpose, but there are no requirements as to when the grant resources may be used. At December $31,2022,$ the unspent balance of the grant was $$54,000.$

Note: If no journal entry is required, select "Debit $-$ No entry needed." and "Credit $-$ No entry needed." as your respective debit and credit answers and leave the Debit and Credit amounts blank.