Prepare journal entries as appropriate using encumbrance accounting Cook County engaged in the following transactions during its fiscal year. (Do not be concerned with the type of fund balance (e.g. unrestricted, restricted, etc.) to which reserves for encumbrances is classified on the balance sheet.) 1. The County commissioners approved the current year budget. The budget includes total revenues of $920,000 and total appropriations of $870,000. 2. The County clerk ordered office supplies for $31,000. 3. On January 3, the City Council levied property taxes of $1.5 million to support general government operations. Historically 3% of property taxes are uncollectible. 4. The County incurred the following costs, paying them in cash: Salaries Repairs Rent Utilities Other operating costs $ 550,000 28,000 64,000 39,000 87,000 5. The County ordered equipment costing $14,000. 6. The County received the equipment and was billed $13,800, rather than the $14,000 as anticipated. 7. The County received the previously ordered supplies and was billed for the amount originally estimated. The County does not maintain an inventory account for supplies. 8. The County collected property taxes of $1,240,000. 9. The County wrote off $16,000 of property taxes as uncollectible. 10. The County estimates it will collect property taxes more than 60 days after year end in the amount of $65,000. Journal Entries Dollar Amounts Account Names (be sure to indent your credit accounts) Debit Credit