P5-1 (GL and SL Entries; SL. Trial Balance) The City of Asher had the following transactions among others, in 20X7 The council estimated that revenues of $210,000 would be generated for the General Fund in 20X7. The sources and amounts of expected revenues are as follows: 1. Property taxes Parking meters.. 5,000 30,000 10,000 8,000 7000 $210,000 2. Property taxes of $152,000 were levied by the council; $2,000 of these taxes are expecte to be uncollectible