Record the appropriate journal entries for Johnson City for the following transactions. The city uses encumbrance accounting and maintains a provision for uncollectible accounts. Note: Each transaction may involve more than one fund. The appropriate fund must be identified to receive credit. 1. The General Fund operating budget was approved. It included estimated revenues of $1,200,000, estimated other financing sources of $300,000, appropriations of $1,150,000, and estimated other financing uses of $100,000. 2. The Police Department paid its salaries of $50,000. 3. The City sold $5 million in general obligation bonds to finance the construction of a new fire station. 4. The fire chief ordered $1,000 of supplies. 5. The property tax for the year was levied by the General Fund. The total amount of the tax was $500,000. City officials estimated that 90 percent would be collected. 6. The supplies ordered in transaction 4 arrived, along with an invoice for $1,025. The excess amount was approved, and a check was sent to the supplier. 7. General obligation bonds debt principal matured, and the final interest payment became due. These amounts were $75,000 and $7,500, respectively. The General Fund transferred the amounts to the Debt Service Fund. The Debt Service Fund paid the bondholders. 8. The police department ordered 3 new cars at a cost of $50,000 each.

Prepare the closing entries for the General Fund Budget.