The General Fund and Special Revenue Funds (Various General Fund Transactions)Prepare the general journal entries required for the following transactions of the Farmer County General Fund during 20X6. Also, use transaction analysis to show any effects on the GCA-GLTL accounts. 1. Levied property taxes, $9,000,000(with uncollectible taxes estimated at $50,000). 2. Taxes collected before the due date totaled $7, 500,000 of current taxes and $320,000 of 20X5 and other prior year taxes. 3. Purchased supplies on account for $110.000. 4. Purchased equipment costing $198, 659, which was vouchered. 5. Issued;t nine-month, 10% note to Jones National Bank on September 30, 20X6, to raise $300,000 to provide for a temporary cash shortfall in the General Fund. Loaned $90,000 from resources available for general purposes to the Self-Insurance Internal Service Fund. Repayment is required in four years. Paid salaries of $5, 800,000 during 20X6. Accrued salaries at the end of the year totaled $100,000, while at the beginning of the year they were $75,000. 8. Contributed $82,000 of General Fund resources to help cover the cost of the new water distribution lines installed by the county's Water Department, which provides services for a fee that is intended to recover the costs of providing the services. 9. Received $5,000 from the Economic Development Special Revenue Fund because General Fund resources had been used to pay a bill of the Economic Development Fund earlier in the year. General Fund expenditures were recorded when the bill was paid. 10. Paid $1, 750 to the Central Printing Internal Service Fund for printing services used by the general administration of the county. 11. Record any necessary accruals at December 31, 20X6. (Debt-Related Transactions) Prepare the general journal entries to record the following actions of the Quinones County General Fund: 1. Quinones County borrowed $1,000,000 by issuing six-month tax anticipation notes bearing interest at 6%. The notes arc to be repaid from property tax collections during the fiscal year. 2. The county repaid the tax anticipation notes, with $30,000 interest, at the due date. 3. The county received a new patrol car two months before the end of the fiscal year. It cost $35,000. The county paid $5,000 upon receipt and signed a 9% short-term note payable for the balance. 4. The county services one of its general obligation serial bond issues directly from the General Fund(a Debt Service Fund is not used). The annual principal and interest payment, which is due two months before year end, was paid. The principal payment was $200,000 and the interest was $120,000. (Next year's interest payment will be $108,000.) 5. Record all appropriate interest accruals. (Closing Entries and Financial Statements)The preclosing trial balance of a Special Revenue Fund of Mesa County at the end of its 20X7 fiscal year is