The City of Katerah maintains its books and records in a manner that facilitates the preparation of fund financial statements. Prepare all necessary journal entries to record the citys revenues from the following transactions for the year ended December 31, 2017. address the questions listed below.

a.) On January 15, the city received notification that it had been awarded a $300,000 federal grant to assist in the operation of its Meals on Wheels program. The federal government expects to send the cash in about three months. This is not a reimbursement type grant and all eligibility requirements have been met. In February the city spent $31,000 on Meals on Wheels.

In April, the city received the $300,000 grant from the federal government.

b.) On March, fines of $1,800 were issued for parking tickets. Payment must be made within 30 days, when the city has an enforceable legal claim to the amounts. In April, the city received $1,200 cash in payment of parking tickets issued in March. In addition, $100 of tickets was contested and court dates have been set. Also, the city expects another $100 of tickets will be uncollectible but the remaining amounts will be paid eventually.

c.) Restaurant licenses are issued for a one-year period, from July 1 to June 30. The license fees are used to pay restaurant inspectors. In June, the city received $11,000 in restaurant license fees.

Fine Receivable (Gross, not Net) to be recognized at Year -End Governmental Fund Financial Statements is

		$600
		$500
		$400