Presented below are a number of transactions for the City of Smithville that occurred during fiscal year $2023,$ the year for which the budget given in Chapter $3$ was recorded. Read all instructions carefully.

a$.$ After opening the data file containing your data from Chapters $2$ and $3$ of this project, record the following transactions in the general journal for the General Fund and, if applicable, in the general journal for governmental activities at the government$-$wide level. For all entries, the date selected should be year $2023.$ For each of the paragraphs that requires entries in both the General Fund and governmental activities journals, you can either record them in both journals on a paragraph$-$by$-$paragraph basis or$,$ alternatively, record all the General Fund journal entries first for all paragraphs, then complete the governmental activities journal entries for all paragraphs. Regardless Si the method you choose, we recommend that you refer to the illustrative journal entries in Chapter $4$ of the Reck, Lowensohn, and Neely textbook $(19$th edition$)$ for guidance in making all entries.

For each entry affecting budgetary accounts or operating statement accounts, you will be directed to the Detail Journal to allow you to record the appropriate amounts in the detail budgetary or actual accounts, as was the case in Chapter $3.$

$1.[$Para$.4-$a$-1]$ On January $2,2023,$ real property taxes were levied for the year in the amount of $$1,878,700.$ It was estimated that $1$ percent of the levy would be uncollectible.

Required: Record this transaction in both the General Fund and governmental activities journal. Type $4-$a$-1$ as the paragraph number in the $[$Add description$]$ box for this entry; $4-$a$-2$ for the next transaction, etc. Careful referencing by paragraph number is very helpful should you need to determine where you may have omitted a required journal entry or made an error. For the General Fund you will be directed to the Detail Journal. Select "Accrued Revenue" in the drop down $[$Description$]$ menu in the Detail Journal related to the General Fund entry.