please prepare journal entries under wide FS for a - u and show all work. thank you!!

The Cey of Plefier starts the year of 2000 whe the generai fing and an energrise fund. The general furde has two activitses: obucation and pokssivecreason. For cenverience, assume that the geveral Ajnds helds $123,000 cash and a tww school bulding sesting $1 milion. The chy enterprise fund has $62,000 cash and a new $500,000 civic asdeorium with a 30 -your ifle and no residual value, The enberpise funds momion one activily, the rental of the cinc audeonum for entertsinment and other caburat affairs. The folowing transactors for the chy tabe place during 2020. Assume that the coty/s fiscal year ends on December 31 . a. Cecides so buld a muniopal pork and bransfers canth of $70,000 into a capital projects hand Both the creation od this sund and the transfec were mase by the highest level of government a.thority. The cty immedaliely expenss $20,000 to acouire three acres of land. c. Assesses property taxes on the first day of the yea. The assessuremt which is irmedatery expect anoter $50,000 during the firs moeth of 2021. They asbipate the remainder havfeny threugh 2021. d. Constructs a covered briding in the new municipar pak, for $0,000 cash so than iocal chizens can play baskethell when it rains. The bulding is put into service on July 1 it should last 10 years with no expected residuat value e. Bulds a sidewak through the new park for $10,000 cash and puts 5 into service on July 1 . The sidewak should nonically last for 10 yours. but the cty plans to keep it foxed up to a peedotermined quality level so that it can last almost indefintely. f. Opens the park and charges an entrance fee of chly a teken atrount. The cly resorts the park 0. Buys a new parking deck for $200,000, payng $20,000 cash and tigning a long-term note for the rese. The parking deck, which poes ineo operation on July t, is across the street from the h. Recohvet a $100,000 cash grant for the city school instom that must be spent for schocit lunches for chidren in lowinoome familes. Ofloats view the appropnate soending of these funds as an eligelisy requirement of this grant. Durng the current yew, 537,000 of the amount roceived was spent for the imended purpose. i. Charges students in the school system a total fee of 55.000 for books and the the 00 this amoun, 90 percent is colected during 2020 with the remainder espected to be colected in the frest fow woeks of 2021 1. Doys school supples for $22,000 cash and uses $17,000 of them. The general fund apples the purchases method k. Receives a painteng ty a local artist bo be displayed in the beal school it quaifes as a work of art, and oflicias have choten not so capialoge if. The painting has a value of $60.000. Officals have set us securty precautions so that the painting will be viewed as inexhaustale. 1. Transtess $20.000 cash hom the generai fund to the enserpnise fund as a capitai contritution. m. Orders a school bus for $99.000 n. Receives the school bus and pays an actua cost of $102.000, including lrantipereach ans coter necessary costs. The bus goes into eperaton on Octobee 1 . It should last foe five years wh th no residual value. a. Plyrs salaries of $240,000 is ofy audiotium workers. in addeon, owes and wil pay $30,000 in the forst two woeks of 2021 . Vacabions worth 523.000 have ako been eamed by the workers but will not be taken until July 2021. p. Pays salaries of $42,000 to oly audtonum woners. In addition, owes and wit pay $3,000 in the frst two weeks of 2021 . Vacabions worth $ s. 000 have also been earned by the workers but will not be taken until July 2021. 9. Chargers cuntomers $130,000 for shoditerm rental of the chic asdononum. Of this balance. colects $110000 in cash and well collect the vertander in Apre 2021. 7. Pays $8.000 mairbenance charges for the bulaing and sidewak in (d) and (e). s. Pays $14.000 on the bend in part (b) on the last day of 2020 : $5.000 peincipal and $5.000 interest. 1. Accuses insersst of $13,000 on the note in part (g) as of the end of 20020 , an amount the chy wil pary in June 2021 4. Assumes a musenm operating within the ofy is a component unt zat wil be chscreboly preserned, The museum reports bo cly officias that it incurred $42,000 of drect emperses this past year and eamed $50,000 in revenues from asmission charges. The only assets heid at yearend wore cash of $2,4,000, buiding (net of depreciabon) of $300,000, and a lonjserm lablity of $210.000