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 $2,030,000 and appropriations 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 citizen of Lynnwood donated marketable securities with a fair value of $830,000. 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 $43,000.
5.	The citys utility fund billed the citys General Fund $128,000 for water and sewage services. As of December 31, the General Fund had paid $127,000 of the amount billed.
6.	The central duplicating fund purchased $6,000 in supplies.
7.	Cash collections recorded by the general government function during the year were as follows:

Property taxes	$	1,928,000
Licenses and permits		38,000
User charges		29,500

8.

During the year the internal service fund billed the citys general government function $17,200 for duplicating services and it billed the citys utility fund $9,600 for services.

9.

The city council decided to build a city 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, 2017.

10.

The general government function issued a purchase order for $33,500 for computer equipment. When the equipment was received, a voucher for $32,200 was approved for payment and payment was made.

List of Accounts:

No Journal Entry Required

Accumulated Depreciation

Allowance for Uncollectible Current Taxes

Appropriations

Billings to Departments

Bonds Payable

Budgetary Fund Balance

Cash

Charges for Services

Due from Other Funds

Due to Other Funds

Encumbrances

Encumbrances Outstanding

Equipment

Estimated Other Financing Sources

Estimated Other Financing Uses

Estimated Revenues

Expenditures

Expenditures-General Government

Expenses-Administrative

Expenses-General Government

General Revenues-Contributions for Endowment

General Revenues-Property Taxes

Internal Balances

Inventory of Supplies

Investments-Marketable securities

Other Financing Sources-Interund Transfers In

Other Financing Sources-Proceeds of Bonds

Other Financing Uses-Interfund Transfers Out

Program Revenue-General Government-Charges for Services

Program Revenue-Culture and Recreation-Operating Grants and Contributions

Program Revenue-General Government

Revenues

Revenues-Contributions for Endowment

Revenues-Investment Earnings

Taxes Receivable-Current

Required
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.)

General Fund Capital projests fund CPF After School Fund (s special revenue fund) Enterprise fund SRF