[The following information applies to the questions displayed below.]

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

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 was $43,000.
5. The city's utility fund billed the city's 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 city's general government function $17,200 for duplicating services and it billed the city's 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.

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.

Required

b.Using the funds you identified in part a, put journal entries to properly record each transaction for the fiscal year ended December 31.(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 $2,030,000 and appropriations were $1,993,000.
1	General Fund
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.
2	General Fund
	Governmental Activity
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.
3	General Fund
	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, was $43,000.
4a	Permanent fund	Record the donation of marketable securities.
4b		Record the receipt of interest.
4c		Record the transfer of interest.
4d	After-School Fund
4e	Governmental Activity	Record the donation of marketable securities.
4f		Record the receipt of interest.
5. The city's utility fund billed the city's General Fund $128,000 for water and sewage services. As of December 31, the General Fund had paid $127,000 of the amount billed.
5a	Enterprise fund	Record the billings for services made by the utilities fund for water and sewage services
5b		Record the amount received against billings for services.
5c	General Fund	Record the expenditure towards water and sewage services.
5d		Record the payment against billings for services.
5e	Governmental Activity	Record the expenditure towards water and sewage services.
5f		Record the amount received against billings for services.