[Para. 4-a-10]Invoices for some of goods and services ordered in transaction 4-a-3 were received and vouchered for later payment. (Select Elimination in the drop down [Transaction Description] menu in the Detail Journal):

Actual Estimated

General Government $ 395,940 $ 394,060

Public Safety 1,086,650 1,088,600

Public Works 922,300 927,620

Health and Welfare 661,200 663,600

Culture and Recreation 593,750 597,000

Miscellaneous 138,000 138,000

Totals $3,797,840 $3,808,880

Required: Record the receipt of these goods and the related vouchers payable in both the General Fund and governmental activities journals. At the government-wide level, you should assume the city uses the periodic inventory method. Thus, the invoiced amounts above should be recorded as expenses of the appropriate functions, except for $72,500 of playground equipment ordered by Culture and Recreation. The equipment meets the citys threshold for capitalization (debit Equipment for this item at the government-wide level). Expenditures charged to the miscellaneous appropriation should be recorded in this case as General Government expenses at the government-wide level.

[Para. 4-a-11] The General Fund paid vouchers during the year in the amount of $3,200,000 as well as its liabilities for employees federal and state income taxes withheld and payroll taxes.

Required: Record the payment of these items in both the General Fund and governmental activities general journals.

[Para. 4-a-12] The General Fund transferred $50,000 to the debt service fund so the debt service fund could make a bond interest payment.

Required: Record this transaction in the General Fund only. The transaction has no effect at the government-wide level since it occurs between two governmental activities. (Do not record this transaction in the debt service fund until instructed to do so in Chapter 6 of this case.)

[Para. 4-a-13]Tax anticipation notes issued by the General Fund were paid at maturity at the face amount plus interest of $10,000.

Required: Record the payment of these items in both the General Fund and governmental activities general journals. For the General Fund charge Miscellaneous for the interest expenditure. At the government-wide level, debit ExpensesInterest on Tax Anticipation Notes.