mislead users ay P4-4 (GL and SL Entrie lowing transactions and ex Ledger of a local gover getary or actual in nature. tead users Old gu n u unu vuugui comparison Statement? SL Entries) Prepare the journal entries (budgetary and actual) to record the fol- tions and events in the General Ledger. Revenues Ledger, and Expenditures local government General Fund. Identify whether the entry is for the General or for the subsidiary ledgers. Also, note whether the General Ledger entries are bud- Ledger of 1. The annual budget was adopted as follows: Estimated Revenues: $400.000 Property taxes.... 200.000 Sales taxes ....... 100.000 Charges for services. 50.000 Other...... $750,000 Appropriations: General administration... Police...... Fire ..... Other...... $ 80,000 310.000 320.000 30.000 $740.000 2. Property taxes of $408.000 were levied, of which $7.000 are expected to be uncollectible 3. Purchase orders and contracts were approved for goods and services expected to cost: $ 50,000 90.000 $140.000 Police... Fire ... cervices ordered were received. 4-2 (General Fund-Typical Transactions) Prepare all General Ledger entries required in the General Fund of Washington County for each of the following transactions. Also, use transaction analysis to show any effects on the GCA-GLTL accounts. 1. The county levied property taxes of $5.000.000. Two percent are expected to prove uncol- lectible. The rest of the taxes are expected to be collected by year-end or soon enough thereafter to be considered available at year-end. The county collected $4.300.000 of the taxes receivable before the due date and the bal- ance of taxes became delinquent. The county collected another $540,000 of the taxes receivable by the end of the fiscal year. The county paid salaries and wages of $3.500,000 to General Fund employees during the year. Accrued salaries at the beginning of the year were $180.000, and accrued salaries at year-end were $200,000. 2. $800.000 was loaned from the county General Fund to the Washington County Inland Port Authority Enterprise Fund. The loan is to be repaid in three years. The county purchased materials and supplies for various General Fund departments. The actual cost of $398.000 was vouchered. The county purchased road maintenance equipment at an actual cost of $40.000, which was vouchered