The trial balance for the City of Atlanta as of January 1, 2020, the annual budget for 2020, and transactions for the year ending December 31, 2020 are as follows. Trial Balance January 1, 2020 Cash Investments Accounts receivable Supplies Due from state government Property taxes receivable Allowance for uncollectible accounts Vouchers payable Fund balance - Unassigned Fund balance Assigned (Inventory) Fund balance - Assigned (Encumbrances) Debit $ 174,450 Credit 195,000 31,075 31,200 85,000 75,600 $ 32,150 179,000 265,075 37,600 78,500 $ 592,325 $ 592,325 For the year 2020, the City of Atlanta budgeted the following: Estimated revenues = $2,323,000 Appropriations = $2,258,000 Transfers from Water and Sewer Fund = $122,000 Transfers to Debt Service Fund = $77,000 General Fund transactions for the City of Atlanta for 2020 included the following. 1. The City government approved and recorded the annual budget. 2. Goods and services were ordered for a total of $1,305,000. 3. Goods were received against orders placed in #2 above with a total invoice amount of $1,290,000. 4. The City accepted a bid and a purchase order was issue for $87,000 for a new vehicle for the fire department. 5. The City received $99,500 from the sale of an old fire department vehicle. The old vehicle originally cost $45,000 6 years ago, at which time it was estimated to have a useful life of 10 years. 6. Property taxes were levied in the amount of $1,840,000. It was estimated that 2% would ultimately not be collected. 7. Payment was received from the state government. These funds are to be used to purchase additional equipment for the sanitation department. 8. $77,000 was transferred to the Debt Service Fund to pay for principal and interest on outstanding debt. 9. The City billed residents for garbage service in the amount of $155,675. 10. Property taxes were collected in the amount of $1,830,550. Past due receivables were written- off as uncollectible in the amount of $19,250. Continued