The Roosevelt City General Fund trial balance at fiscal year-end, June 30, 2018 is as follows: Credit Debit $75,000 11,000 $ 2,000 Cash Property Taxes Receivable Allowance for Uncollectible Taxes Supplies Inventory Accounts Payable Assigned Fund Balance Unassigned Fund Balance 3,000 7,500 17,000 62,500 $89.000 $89.000 The General Fund budget for fiscal year 2018-2019 is as follows: Revenues and Other Financing Sources Property taxes $150,000 Miscellaneous revenue 60,000 Fines & penalties 23,000 Federal grant 30,000 Appropriations and Other Financing Uses Program operations $125,000 Administration 35,000 Supplies 18,000 Equipment 42,000 Transfer to other funds 17,000 Record the appropriate journal entries for Roosevelt City for the following transactions. The city uses encumbrance accounting and maintains a provision for uncollectible accounts. The purchases method is used to record the purchase and use of supplies. The Assigned Fund Balance represents the open encumbrances from the prior year ($14,000) and Supplies Inventory ($3,000). The city's administrative offices share leased office space with the Park Improvement Fund. The city pays rental invoices from the General Fund and records the interfund transaction due from the Park Improvement Fund for a 50% share of the lease. At the beginning of the fiscal year, the city maintained one General Fund and three Special Revenue Funds. Note: Each transaction may involve more than one fund. The appropriate fund must be identified to receive credit. 1. The General Fund budget was approved by the city council. 2. Purchase orders outstanding at the beginning of the year, included in Assigned Fund Balance, are reencumbered. 3. The property tax bills were issued for the full amount budgeted. The city anticipates 10% of the taxes will not be collected. 4. The administrative offices ordered supplies expected to cost $17,000 and furniture expected to cost $7,000 5. Miscellaneous revenue of $58,000 was received. 6. Fines & penalties revenue of $24,000 were received. 7. Invoices against prior year encumbrances for $14,000 were received and paid. 8. Property taxes of $134,000 were received. 9. Federal grant of $30,000 was received. 10. Property taxes of $10,000 were written off. The Roosevelt City General Fund trial balance at fiscal year-end, June 30, 2018 is as follows: Credit Debit $75,000 11,000 $ 2,000 Cash Property Taxes Receivable Allowance for Uncollectible Taxes Supplies Inventory Accounts Payable Assigned Fund Balance Unassigned Fund Balance 3,000 7,500 17,000 62,500 $89.000 $89.000 The General Fund budget for fiscal year 2018-2019 is as follows: Revenues and Other Financing Sources Property taxes $150,000 Miscellaneous revenue 60,000 Fines & penalties 23,000 Federal grant 30,000 Appropriations and Other Financing Uses Program operations $125,000 Administration 35,000 Supplies 18,000 Equipment 42,000 Transfer to other funds 17,000 Record the appropriate journal entries for Roosevelt City for the following transactions. The city uses encumbrance accounting and maintains a provision for uncollectible accounts. The purchases method is used to record the purchase and use of supplies. The Assigned Fund Balance represents the open encumbrances from the prior year ($14,000) and Supplies Inventory ($3,000). The city's administrative offices share leased office space with the Park Improvement Fund. The city pays rental invoices from the General Fund and records the interfund transaction due from the Park Improvement Fund for a 50% share of the lease. At the beginning of the fiscal year, the city maintained one General Fund and three Special Revenue Funds. Note: Each transaction may involve more than one fund. The appropriate fund must be identified to receive credit. 1. The General Fund budget was approved by the city council. 2. Purchase orders outstanding at the beginning of the year, included in Assigned Fund Balance, are reencumbered. 3. The property tax bills were issued for the full amount budgeted. The city anticipates 10% of the taxes will not be collected. 4. The administrative offices ordered supplies expected to cost $17,000 and furniture expected to cost $7,000 5. Miscellaneous revenue of $58,000 was received. 6. Fines & penalties revenue of $24,000 were received. 7. Invoices against prior year encumbrances for $14,000 were received and paid. 8. Property taxes of $134,000 were received. 9. Federal grant of $30,000 was received. 10. Property taxes of $10,000 were written off