Prepare journal entries to properly record each transaction for the fiscal year ended December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

1. The city council adopted a General Fund budget for the fiscal year. Revenues were estimated at $2,030,000 and appropriations were $1,993,000 General Fund Estimated Revenues Appropriations udgetary Fund Balance 2. Property taxes in the amount of $1,970,000 were levied. It is estimated that $10,500 of the taxes levied will be uncollectible General Fund Taxes Receivable -Current 2 Allowance for Uncollectible Current Taxes evenues overnmentalTaxes Receivable-Current Activi Allowance for Uncollectible Current Taxes eneral Revenues Taxes 3. A General Fund transfer of $26,500 in cash and $303,000 in equipment (with accumulated depreciation of $68,000) was made to establish a central duplicating internal service fund 3 General FundOther Financing Uses-Interfund Transfers Out ash Internal service fund Other Financing Uses-Interfund Transfers Out quipment Accumulated Depreciation ther Financing Sources-Interfund Transfers In 4. A citizen of Lynnwood donated marketable securities with a fair value of $830,000. The donated resources are to be maintained in perpetuity with the city using the revenue generated by the donation to finance an after school program for children, which is sponsored by the culture and recreation function. Revenue earned and received as of December 31, was $43,000 ermanntRecord the donation of marketable securities. 4a fund nvestments-Marketable Securities eneral RevenuesContributions for Endowment Record the receipt of interest. ash evenues-Investment Earnings 4c Record the transfer of interest. ther Financing Uses-Interfund Transfers Out ash After-School Fund Cash 4d ther Financing Sources-Interfund Transfers In Governmental 4e Record the donation of marketable securities Activi nvestments-Marketable Securities eneral RevenuesContributions for Endowment 4f Record the receipt of interest. ash 5. The city's utility fund billed the city's General Fund $128,000 for water and sewage services. As of December 31, the General Fund had paid $127,000 of the amount billed Enterprise fund Record the billings for services made by the utilities fund for water and sewage services 5a 5b Record the amount received against billings for services. Record the expenditure towards water and sewage General Fund services Record the payment against billings for services. 5d Governmental Activity 5e Record the expenditure towards water and sewage services. 5f Record the amount received against billings for services. 6. The central duplicating fund purchased $6,000 in supplies Internal service fund 6 Governmental Activity 7. Cash collections recorded by the General Fund during the year were as follows: property taxes, $1,928,000; licenses and permits, $38,000; user charges, $29,500 General Fund Governmental Activity- 8. During the year the internal service fund billed the city's general government function $17,200 for duplicating services and it billed the city's utility fund $9,600 for services Internal service fund 8 Enterprise fund General Fund Governmental Activi 9. The city council decided to build a city hall at an estimated cost of $5,030,000. To finance the construction, 6 percent bonds were sold at the face value of $5,030,000. A contract for $4,530,000 has been signed for the roject; however no expenditures have been incurred as of December 31 Record the issues of bonds for the City Hall Capital 9a Record the contract the estimated expenditure towards the City Hall building contract 9b Governmental Activit 9c 10. The general government function issued a purchase order for $33,500 for computer equipment. When the equipment was received, a voucher for $32,200 was approved for payment and payment was made 10a General Fund Record the issues of purchase order 10b Record the payment made towards purchase of computer Governmental Activit 10c