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Problem 1a: All transactions are for the General fund. Provide all necessary journal entries. Write no entry if no entry is needed. Problem 16: Using

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Problem 1a: All transactions are for the General fund. Provide all necessary journal entries. Write "no entry" if no entry is needed. Problem 16: Using the same list, provide all necessary journal entries for the Governmental Activities section in the Government-wide records. Write "no entry" if no entry is needed. Do not mix answers to 1a and 1b; they are separate problems. This problem has two parts, part 1a and part 1b. Answer each part separately using the same information. Do not mix answers to 1a and 1b; they are answered separately. Careful City started operations in January, 2020. This information is for the city's first year of legal existence. 1. The City Council adopted a General fund budget for the year which included estimated revenues of $1,800,000, estimated other financing sources of $440,000, and appropriations of $2,000,000. 2. The City ordered one pick-up truck at an anticipated cost of $65,000 and recorded the commitment 3. Supplies for the City Manager's office were purchased for $62,000 on account. You may use either the purchases or the consumption method. 4. Property tax bills were mailed to all property owners. The total assessment is 1.200,000, although officials anticipate that 5% will never be collected. There is a legal claim to this money and the government can use it immediately. 5. A local artist donated a sculpture for City Hall valued at $27,000 to be displayed in the City Hall lobby. The City decided not to capitalize or depreciate this asset. 6. The vehicle ordered in item (3) above was received at an actual cost of $64,000 to be paid at a later time. The vehicle has an expected life of 4 years and no salvage value. When the city records depreciation, it uses the straight-line method and recognizes a full year of depreciation in the year of purchase. 7. At year-end, $8,000 of the supplies purchased in item (2) were still in the City Manager's Office. 8. On January 1, the city's Public Works Department created a landfill on land already owned and used 10% of the capacity in the first year. If closed now, closure costs would be $800,000. The city pays $60,000 of the closure costs each year. 9. Salaries of $52,000 for the Police Department are due one month after the end of the year. 10. At the end of the year, the budget was removed from the City's records

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