Prepare journal entries for the following transactions for both General Fund and Government Activities.

1. Recording the property tax levy: the general fund has levied 2,653,061 of property tax revenue of year 2020, 0.98 of which is expected to be collectible.
2. All property taxes are legally due before the end of the fiscal year. As of the end of the year, 302,653 of levied property taxes are not collected. Based on its past collection history, the General Fund does not collect a significant amount of delinquent taxes early (within first 60 days) in the following year.

Prepare journal entries for the following transactions for General Fund.

1. All goods and services for which encumbrances were outstanding at the end of 2019 are received in 2020 at a total invoice cost of 127,250. The estimated amount was 127,000.
2. The government has determined that only two constrained revenues remain unspent at the end of fiscal 2020: $17,500 of sales taxes committed for constructing a hiking trail and $23,700 of General Fund resources that the town manager has assigned for security cameras.
3. The amount of 600,000 is borrowed by the General Fund to cover anticipated need and provide a positive cash balance. The General Fund pays off the note as well as interest on the note of 7,500.