The following transactions are for the City of Smallville. Prepare the appropriate journal entries.

Property taxes were levied against property owners in the city amounting to $30,000,000. Of this amount, the city expects that 10% will be uncollectible.

Account	Debit	Credit

Of the amount of property taxes that the city expects to collect, 10% will not be received within 60 days after the year-end date.

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The city has a city-wide sales tax. During the year, the city received $4,000,000 in sales taxes.

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Additional sales taxes of $750,000 are expected to be received after the year's end. Of that amount, $50,000 will not be received in time to settle current-year liabilities.

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Smallville is entitled to receive a grant of up to $50,000 from the federal government for a social program. Under the grant, Smallville is to be reimbursed for expenditures incurred on the program. During the year, expenditures on the program totaled $45,000. Prepare the entry for the expenditures first (they were not encumbered).

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The Smallville city council just approved the budget for the new year. Revenues are estimated to be $85,000,000. Other financing sources are estimated to be $750,000. Other financing uses are estimated to be $100,000. And appropriations of $83,500,000 were approved.

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The Smallville city council revised its original budget. Revenues are now expected to be $900,000 less than originally budgeted, while expenditures are expected to be $1,000,000 more.

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Smallville ordered five personal computers for its office staff. The price was $600 each for a total of $3,000.

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Four of the computers ordered above were received. The other computer has been back-ordered. The invoice for the four that were received indicates a total cost, including sales tax, of $2,544.

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