The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December $31,2024$:

Beginning balances were: Cash, $$95,000$; Taxes Receivable, $$185,000$; Accounts Payable, $$50,000$; and Fund Balance, $$230,000.$

The budget was passed. Estimated revenues amounted to $$1,200,000$ and appropriations totaled $$1,197,500.$ All expenditures are classified as General Government.

Property taxes were levied in the amount of $$902,000.$ All of the taxes are expected to be collected before February $2025.$

Cash receipts totaled $$870,000$ for property taxes and $$272,000$ from other revenue.

Contracts were issued for contracted services in the amount of $$90,000.$

Contracted services were performed relating to $$82,000$ of the contracts with invoices amounting to $$81,500.$

Other expenditures amounted to $$947,000.$

Accounts payable were paid in the amount of $$1,070,000.$

The books were closed.

Required:

Prepare journal entries for the above transactions.

Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund.

Prepare a Balance Sheet for the General Fund assuming there are no restricted or assigned net resources and outstanding encumbrances are committed by contractual obligation.