The following information was abstracted from the accounts of the general fund of the City of Noble after the books had been closed for the fiscal year ended June 30, 20X2.

	Postclosing					Transactions July 1,						Postclosing
	Trial Balance,					20X1June 30, 20X2						Trial Balance,
	June 30, 20X1					Debit			Credit			June 30, 20X2
Cash		$	720,000			$	1,810,000		$	1,849,000			$	681,000
Taxes Receivable			48,000				1,910,000			1,817,100				140,900
Total		$	768,000										$	821,900
Allowance for Uncollectible Taxes		$	7,100				7,100			9,100			$	9,100
Vouchers Payable			160,900				1,849,000			1,831,000				142,900
Fund Balance:
Assigned for Encumbrances										78,000				78,000
Unassigned			600,000				78,000			69,900				591,900
Total		$	768,000										$	821,900

Additional Information: The budget for the fiscal year ended June 30, 20X2, provided for estimated revenue of $2,800,000 and appropriations of $1,920,000. Encumbrances of $1,050,000 were made during the year. Required: Prepare proper journal entries to record the budgeted and actual transactions for the fiscal year ended June 30, 20X2. Include closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

The following information was abstracted from the accounts of the general fund of the City of Noble after the books had been closed for the fiscal year ended June 30, 20X2. Postclosing Trial Balance, June 30, 20X1 $720,000 48,000 $768,000 $ 7,100 160,900 Transactions July 1, 20x1-June 30, 20X2 Debit Credit $1,810,000 $1,849,000 1,910,000 1,817,100 Cash Taxes Receivable Total Allowance for Uncollectible Taxes Vouchers Payable Fund Balance: Assigned for Encumbrances Unassigned Total Postclosing Trial Balance, June 30, 20X2 $681,000 140,900 $821,900 $ 9,100 142,900 7,100 9, 100 1,849,000 1,831,000 78,000 78,000 69,900 600,000 $768,000 78,000 591,900 $821,900 Additional Information: The budget for the fiscal year ended June 30, 20X2. provided for estimated revenue of $2,800.000 and appropriations of $1,920,000. Encumbrances of $1,050.000 were made during the year. Required: Prepare proper journal entries to record the budgeted and actual transactions for the fiscal year ended June 30, 20X2. Include closing entries. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list X Record the budget. A L > B Record the property tax levy. C Record the entry to write off the uncollectible taxes receivable. D Record the property tax collections. lebit Credit E Record the purchase commitments. F Record the entry to reverse for the purchase orders received. Record the actual expenditures. Note : = journal entry has been entered The following information was abstracted from the accounts of the general fund of the City of Noble after the books had been closed for the fiscal year ended June 30, 20X2. Postclosing Trial Balance, June 30, 20X1 $720,000 48,000 $768,000 $ 7,100 160,900 Transactions July 1, 20x1-June 30, 20X2 Debit Credit $1,810,000 $1,849,000 1,910,000 1,817,100 Cash Taxes Receivable Total Allowance for Uncollectible Taxes Vouchers Payable Fund Balance: Assigned for Encumbrances Unassigned Total Postclosing Trial Balance, June 30, 20X2 $681,000 140,900 $821,900 $ 9,100 142,900 7,100 9,100 1,849,000 1,831,000 78,000 78,000 69,900 600,000 $768,000 78,000 591,900 $821,900 Additional Information: The budget for the fiscal year ended June 30, 20X2. provided for estimated revenue of $2.800.000 and appropriations of $1,920.000. Encumbrances of $1,050.000 were made during the year. Required: Prepare proper journal entries to record the budgeted and actual transactions for the fiscal year ended June 30, 20X2 Include closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list X G Record the actual expenditures. H Record the payment of vouchers during the period. 1 Record the entry to close the budgetary accounts. Record the entry to close the remaining encumbrances by reversing the remaining budgetary balance. lebit Credit K Record the entry to reserve the fund balance for the outstanding purchase commitments. L Record the entry to close the operating statement accounts. Note : = journal entry has been entered