The following transactions occurred during the 2011 fiscal year for the City of Fayette.

1. 1/1The budget for FY 2011 provided for General Fund estimated revenues totaling $3,140,000 and appropriations totaling $3,100,000. other financing uses of $140,000

2. 1/1 The town council approved the creation of a new Supplies Fund, an internal service fund, effective January 1, 2011, to provide most operating and office supplies used by departments accounted for in the General Fund. The new fund was created by transferring the current inventory of supplies and $40,000 in cash from the General Fund, general government function.

3. 17/1 Interdepartmental requisitions for supplies with an estimated cost of $230,000 were submitted to the Supplies Fund, and purchase orders for other supplies by outside vendors for $40,000. (ignore subsidiary ledger)

4. 24/1 The gross pay of employees of General Fund departments for the month of January 2011 amounted to $230,000. Deductions from gross pay for the period amount to $14,300 for employees share of FICA tax; $25,200, employees federal withholding tax; and $5,000, employees state withholding tax. (employees work in 2 department: Public Safety 160,000$ and Public Works 170,000$)

5. 27/1 The goods and services ordered during 1/2011 by departments financed by the Town of Fayette General Fund were received as follows:

a) Supplies ordered at an estimated cost of $230,000 from the internal service fund received at an actual cost of $233,000. (These supplies cost the internal service fund $220,000).

b) A portion of the supplies with outside vendors completed at an actual cost of $19,700, for which the estimated cost had been $22,500.

Note: dont register this transaction in Governmental activities journal

6. 31/1 Payments of the employees salaries and wages were paid as the following:

a) The employers share of FICA is recorded in the General Fund (14,300$). (Public Safety 6,300$ and Public Works 8,000$)

b) Payment of the employees salaries and wages for net pay were paid as a cash.

Required:

Record in general journal form the effect of the above transactions on the General Fund and governmental activities for the year 2011. Do not record subsidiary ledger debits and credits.

The following transactions occurred during the 2011 fiscal year for the City of Fayette.

1. 1/1The budget for FY 2011 provided for General Fund estimated revenues totaling $3,140,000 and appropriations totaling $3,100,000. other financing uses of $140,000

2. 1/1 The town council approved the creation of a new Supplies Fund, an internal service fund, effective January 1, 2011, to provide most operating and office supplies used by departments accounted for in the General Fund. The new fund was created by transferring the current inventory of supplies and $40,000 in cash from the General Fund, general government function.

3. 17/1 Interdepartmental requisitions for supplies with an estimated cost of $230,000 were submitted to the Supplies Fund, and purchase orders for other supplies by outside vendors for $40,000. (ignore subsidiary ledger)

4. 24/1 The gross pay of employees of General Fund departments for the month of January 2011 amounted to $230,000. Deductions from gross pay for the period amount to $14,300 for employees share of FICA tax; $25,200, employees federal withholding tax; and $5,000, employees state withholding tax. (employees work in 2 department: Public Safety 160,000$ and Public Works 170,000$)

5. 27/1 The goods and services ordered during 1/2011 by departments financed by the Town of Fayette General Fund were received as follows:

a) Supplies ordered at an estimated cost of $230,000 from the internal service fund received at an actual cost of $233,000. (These supplies cost the internal service fund $220,000).

b) A portion of the supplies with outside vendors completed at an actual cost of $19,700, for which the estimated cost had been $22,500.

Note: dont register this transaction in Governmental activities journal

6. 31/1 Payments of the employees salaries and wages were paid as the following:

a) The employers share of FICA is recorded in the General Fund (14,300$). (Public Safety 6,300$ and Public Works 8,000$)

b) Payment of the employees salaries and wages for net pay were paid as a cash.

Required:

Record in general journal form the effect of the above transactions on the General Fund and governmental activities for the year 2011. Do not record subsidiary ledger debits and credits.