Required information [The following information applles to the questions displayed below. The City of Lynnwood was recently Incorporated and had the following transactions for the fiscal year ended December 31 . 1. The city councll adopted a General Fund budget for the fiscal year. Revenues were estimated at $2,030,000 and approprlations were $1,993,000. 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. 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. 4. A clitzen of Lynnwood donated marketable securtiles with a farl value of $830,000. The donated resources are to be maintalned In perpetulty with the city using the revenue generated by the donation to finance an after-school program for chlldren. which is sponsored by the culture and recreation function. Revenue earned and recelved as of December 31 was $43,000. 5. The city's utillty fund billed the city's General Fund $128,000 for water and sewage services. As of December 31 , the General Fund had pald $127,000 of the amount. billed. 6. The central duplicating fund purchased $6,000 in supplies. 7. Cash collections recorded by the general government functlon during the year were as follows: 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 utillty fund $9,600 for services. 9. The city council decided to bulld a clty 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 project; however, no expenditures have been Incurred as of December 31 . 10. The general government function issued a purchase order for $33,500 for computer equipment. When the equipment was recelved, a voucher for $32,200 was approved for payment and payment was made. Required a. For each transaction number, Identify all of the fund and/or government-wide actlvity journals in which journal entrles must be made. (Select all that apply.) 1. The central duplicating fund purchased $6, D00 in supplies. Required information [The following information applles to the questions displayed below. The City of Lynnwood was recently Incorporated and had the following transactions for the fiscal year ended December 31 . 1. The city councll adopted a General Fund budget for the fiscal year. Revenues were estimated at $2,030,000 and approprlations were $1,993,000. 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. 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. 4. A clitzen of Lynnwood donated marketable securtiles with a farl value of $830,000. The donated resources are to be maintalned In perpetulty with the city using the revenue generated by the donation to finance an after-school program for chlldren. which is sponsored by the culture and recreation function. Revenue earned and recelved as of December 31 was $43,000. 5. The city's utillty fund billed the city's General Fund $128,000 for water and sewage services. As of December 31 , the General Fund had pald $127,000 of the amount. billed. 6. The central duplicating fund purchased $6,000 in supplies. 7. Cash collections recorded by the general government functlon during the year were as follows: 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 utillty fund $9,600 for services. 9. The city council decided to bulld a clty 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 project; however, no expenditures have been Incurred as of December 31 . 10. The general government function issued a purchase order for $33,500 for computer equipment. When the equipment was recelved, a voucher for $32,200 was approved for payment and payment was made. Required a. For each transaction number, Identify all of the fund and/or government-wide actlvity journals in which journal entrles must be made. (Select all that apply.) 1. The central duplicating fund purchased $6, D00 in supplies