Using the data in the Option 1 Spreadsheet (linked at the bottom of the page), perform the accounting required for each of the following government fund transaction:

1. Government levied $2,000,000 of General Fund Property tax for the fiscal year with an estimated uncollectible amount of $400,000.

2. The General Fund paid $350,000 on the vouchers payable that were outstanding at the end of FY 2013.

3. The General Fund paid the $13,000 reported as Due to Other Funds at the end of FY 2013. This amount was reported as Internal Payables to Business -type Activities at the government-wide level.

Assume that it is Tax Year 2014. Complete the yellow area for the General Fund only.

Perform the required journal entries:

Transaction Account Government levied $2,000,000 of General Fund Property tax for the fiscal year with an estimated uncollectible amount of $400,000 he General Fund paid $350,000 on the vouchers payab e that w ere 2 outstanding at the end of FY 2013 The General Fund paid the $13,000 reported as Due to Other Funds at the 3 end of FY 2013. This amount was reported as Internal Payables to Business type Activities at the government-wide level 10 Assume that it is Tax Y 2014. Complete the yellow area for the General Fund on ear 11 12 chart of Accounts for General Fund Fund Balance-Nonspendable-Inventory of Supplies 13 Cash Fund Balance Restricted General Government 14 Taxes Receivable-Current Fund Balance-Restricted-Public Safety 15 Estimated uncollectible current Taxe Fund Balance-Restricted Public Works 16 Fund Balance-Restricted Health and Welfare Taxes Receivable-Delinquent 17 Fund Balance-Restricted Culture and Recreation Estimated Uncollectible Delinquent Taxes 18 Interest and Penalties Receivable on Taxes Fund Balance-Committed General Government 19 Estimated Uncollectible Interest and Penalties Fund Balance Committed-Public Safety 20 Due from other Funds Fund Balance-Committed Public Works Due from State Government Fund Balance-Committed-Health and Welfare 22 Fund Balance Committed Culture and Recreation Inventory of Supplies Fund Balance-Assigned-General Government Vouchers Payable 24 Tax Anticipation Notes Payable Fund Balance-Assigned-Public Safety 25 Due to other Funds Fund Balance-Assigned-Public Works 26 Due to Federa Government Fund Balance-Assigned-Health and Welfare Due to State Governmen Fund Balance-Assigned-Culture and Recreation 28 Fund Balance-Unassigned 29 Budgetary Fund Balance 30 Encumbrances outstanding Est inmated Revenues 32 Revenue 33 Appropriations 34 Estimated other Financing Uses-Interfund Transfers Out 35 Expenditures 36 Other Financing Uses-Interfund Transfers out