Prepare journal entries for the City of Toledos governmental funds to record the following transactions, first for the fund financial statements and then for government-wide financial statements. Indicate which fund is used for each fund-based transaction.

Thetowncounciladoptsanannualbudgetforthegeneralfundestimatinggeneralrevenuesof$1.7million,approvedexpendituresof$1.5million,andapprovedtransfersoutof$120,000.

• Thetownleviespropertytaxesof$1.3million.Itexpectstocollectallbut3percentofthesetaxesduringtheyear.
• The town orders two new police cars at an approximate cost of $110,000.
• A transfer of $50,000 is made from the general fund to the debt service fund.
• The two police cars are received with an invoice price of $112,000. The voucher has been approved but not yet paid.
• Depreciation on the new police cars is computed as $30,000 for the period.
• The town receives a $10,000 cash grant to beautify a local park. The grant must be used to cover the specific costs that the town incurs.
• The town spends the first $4,000 to beautify the park