Using the multi-fund journal provided in the excel template, record journal entries for the following transactions in all the effected funds and account groups. In some cases, entries are recorded in more than one fund, or in a fund and an account group, and in some cases an entry (or entries) are prepared in only one fund. Please note that the transactions are unrelated to one-another unless otherwise told. Also, the journal is sized for legal

1.The general fund recorded its annual budget. Anticipated revenues are $1,200,000, anticipated expenditures are $1,000,000, anticipated operating transfers in are $65,000, anticipated operating transfers out are $180,000. 2. The city received a $2,000,000 gift of stock investments from a resident, and she stipulated that earnings, only, from the gift are to be used to maintain the beauty of the community in various ways including street and sidewalk cleaning, shrubbery, trash receptacles, etc. Amounts earned from the gift are transferred to the general fund, then the general fund will spend from the amounts transferred as required by the donor. As such this endowment will be recorded in a permanent fund. Please record the receipt of the gift