The City of Lynnwood was recently incorporated and had the following transactions for the fiscal year ended December 31, 2017.

1.	The city council adopted a General Fund budget for the fiscal year. Revenues were estimated at $2,080,000 and appropriations were $1,998,000.
2.	Property taxes in the amount of $2,020,000 were levied. It is estimated that $13,000 of the taxes levied will be uncollectible.
3.	A General Fund transfer of $29,000 in cash and $308,000 in equipment (with accumulated depreciation of $73,000) was made to establish a central duplicating internal service fund.
4.	A citizen of Lynnwood donated marketable securities with a fair value of $880,000. The donated resources are to be maintained in perpetuity with the city using the revenue generated by the donation to finance an after school program for children, which is sponsored by the culture and recreation function. Revenue earned and received as of December 31, 2017, was $48,000.
5.	The citys utility fund billed the citys General Fund $133,000 for water and sewage services. As of December 31, the General Fund had paid $132,000 of the amount billed.
6.	The central duplicating fund purchased $8,500 in supplies.
7.	Cash collections recorded by the general government function during the year were as follows:

Property taxes	$	1,933,000
Licenses and permits		43,000
User charges		32,000

8.	During the year the internal service fund billed the citys general government function $19,700 for duplicating services and it billed the citys utility fund $12,100 for services.
9.	The city council decided to build a city hall at an estimated cost of $5,080,000. To finance the construction, 4 percent bonds were sold at the face value of $5,080,000. A contract for $4,580,000 has been signed for the project; however no expenditures have been incurred as of December 31, 2017.
10.	The general government function issued a purchase order for $36,000 for computer equipment. When the equipment was received, a voucher for $32,700 was approved for payment and payment was made.

b.	Using the funds you identified in part a, prepare journal entries to properly record each transaction for the fiscal year ended December 31, 2017. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Transaction Fund or Activity General Journal Debit Credit 1. The city council adopted a General Fund budget for the fiscal year. Revenues were estimated at $2,080,000 and appropriations were $1,998.000. 1 L GF 2. Property taxes in the amount of $2.020.000 were levied. It is estimated that $13,000 of the taxes levied will be uncollectible. 2 GF GA 3. A General Fund transfer of $29.000 in cash and $308,000 in equipment (with accumulated depreciation of $73.000) was made to establish a central duplicating internal service fund. 3 GF 4. A citizen of Lynnwood donated marketable securities with a fair value of $880.000. The donated resources are to be maintained in perpetuity with the city using the revenue generated by the donation to finance an after school program for children, which is sponsored by the culture and recreation function. Revenue earned and received as of December 31, 2017, was $48.000. Record the donation of marketable securities. Record the receipt of interest. Record the transfer of interest 4d SRF | | 4 GA Record the donation of marketable securities Record the receipt of interest 5. The city's utility fund billed the city's General Fund $133,000 for water and sewage services. As of December 31. the General Fund had paid S132.000 of the amount billed. Record the billings for services made by the utilities fund for water and sewage services Record the amount received against billings for services. Record the expenditure towards water and sewage services. Record the payment against billings for services. Record the expenditure towards water and sewage services. Record the payment against billings for services. 8. The central duplicating fund purchased $8.500 in supplies. 6 ISF 7. Cash collections recorded by the General Fund during the year were as follows: property taxes, $1,933.000 licenses and permits, $43.000: user charges, $32,000. 8. During the year the internal service fund billed the city's general government function $19,700 for duplicating services and it billed the city's utility fund $12.100 for services. EF 9. The city council decided to build a city hall at an estimated cost of $5,080,000. To finance the construction, 4 percent bonds were sold at the face value of $5.080,000. A contract for $4,580,000 has been signed for the project: however no expenditures have been incurred as of December 31, 2017 CPF Record the issues of bonds for the City Hall. Record the contract the estimated expenditure towards the City Hall building contract. 10. The general government function issued a purchase order for $36.000 for computer equipment. When the equipment was received, a voucher for $32,700 was approved for payment and payment was made. Record the issues of purchase order. 10a 10b Record the payment made towards purchase of computer. 100