The City of South Pittsburgh maintains its books so as to prepare fund accounting statements and records worksheet adjustments in

order to prepare government$-$wide statements.

Deferred inflows of resources$-$property taxes of $$54,500$ at the end of the previous fiscal year were recognized as property tax

revenue in the current year's Statement of Revenues, Expenditures, and Changes in Fund Balance.

The City levied property taxes for the current fiscal year in the amount of $$11,473,800.$ When making the entries, it was estimated

that $2$ percent of the taxes would not be collected. At year$-$end, $$229,400$ is thought to be uncollectible, $$355,000$ would likely be

collected during the $60-$day period after the end of the fiscal year, and $$51,800$ would be collected after that time. The City had

recognized the maximum of property taxes allowable under modified accrual accounting.

In addition to the expenditures recognized under modified accrual accounting, the City computed that $$29,600$ should be accrued

for compensated absences and charged to public safety.

The City's actuary estimated that pension expense under the City's public safety employees pension plan is $$234,000$ for the

current year. The City, however, only provided $$211,500$ to the pension plan during the current year.

In the Statement of Revenues, Expenditures, and Changes in Fund Balances, General Fund transfers out included $$510,900$ to a

debt service fund, $$204,000$ to a special revenue fund, and $$918,000$ to an enterprise fund.

Prepare the journal entries for the worksheet adjustments for each of the above situations. $($If no entry is required for a

transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

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Deferred inflows of resources$-$property taxes of $$54,500$ at the end of the

previous fiscal year were recognized as property tax revenue in the current

year's Statement of Revenues, Expenditures, and Changes in Fund Balance.

Note: Enter debits before credits.

Clear entry