Selected transactions during $201$ for Carlson Township's Special Revenue Fund are presented below:

Property taxes of $$520,000$ were levied for $201.$ It was estimated that discounts for early payment would total $$7,800$ and that $$12,200$ of the taxes would never be collected; but the balance is expected to be available to finance $201$ expenditures.

Property taxes billed at $$260,000$ in transaction $1$ were collected within the discount period; thus, the homeowners were entitled to a $3\%$ discount on their tax bill.

$$50,000$ cash was received in advance on a restricted federal grant for which no expenditures had been made.

A restricted state grant of $$60,000$ was awarded, but no related expenditures have been made, nor has any grant cash been received.

Qualifying expenditures were incurred and vouchered: $($a$)$ $$45,000$ for the federal grant program $($transaction $3)$ and $($b$)$ $$30,000$ for the state grant program $($transaction $4)$ where the township submitted for reimbursement and cash will be received within the current year.

At the end of $201,($a$)$ $$30,000$ of collectible $201$ property tax receivables will not be collected until mid$-20$X$2$ and $($b$)$ interest earnings accrued at year end were $$1,000.$

Requirement:

Prepare the necessary journal entries. Dates and explanations may be omitted. If a transaction requires no entry, do not leave it blank: state $"$No Entry Required" and explain why.