Write journal entries for general fund and government-wide.

1.The City adopted a General fund budget for theyear which included estimated revenues of $700,000, estimated other financing sources of $50,000 and appropriations of $670,000.

2.Supplies for Public Safety purposes were purchased for $260,000 on account.

3.The City issued a purchase order for new office equipment expected to cost $43,000.

4.A local art gallery donated a large painting recently appraised at $175,000 to the city for the lobby.The city will not capitalize or depreciate the painting.

5.A new police car for the Public Safety Department was acquired on the last day of the year using a capital lease with a present value of $68,000.