show entry for each of the followong activities. of the fund is not the general services find, state which find is involved. if more then one fund is invloved show entries for both funds.

Problem B: Show the entry for each of the following activities. If the fund is NOT the general services fund, state which fund is involved. If more than one fund is involved, show entries for both funds. 1. City approves budget with estimated revenues of $600,000, estimated expenditures of $370,000 and estimated transfers out of $180,000 2. City issues 5 year serial debt for infrastructure: 200,000 at a price of 103. Coupon is 8% 3. City awards contract for building parking lot, estimated cost $175,000 4. City sends out current year property tax bills of $360,000; estimated uncollectible is $7,000 5. City records license revenue of $120,000 6. General service fund transfers $60,000 to debt service fund 7. City makes first year payment of interest and principal on serial bonds 8. City is awarded federal grant for $50,000 to be used for teacher training 9. City receives bills of $105,000 for parking lot 10. Funds to pay parking lot bill are received from general services fund 11. City approves purchase of para-transport bus for $65,000 12. City receives bill for the para-transport truck for $63,000 13. City spends $45,000 on teacher training