General Fund Entries

The following financial activities affecting Johnson Citys general fund took place
during the year ended June 30, 20X1. The following budget was adopted:

Estimated revenue:
$4,500,000
Property taxes
Licenses and permits 300,000
Fines 200,000
Total $5,000,000

Appropriations:
General government $1,500,000
Police services 1,200,000
Fire department services 900,000
Public works services 800,000
Acquisition of fire engines 400,000
Total $4,800,000

Additional Information Related to 20X1

1. Property tax bills totaling $4,650,000 were mailed. It was estimated that
$300,000 of this amount would be delinquent and $150,000 would be
uncollectible.

2. Property taxes totaling $3,900,000 were collected. The $150,000 previously

estimated to be uncollectible remained unchanged, but $750,000 was
reclassified as delinquent. It is estimated that the delinquent taxes will be
collected soon enough after June 30, 20X1, to make them available to finance
obligations incurred during the year ended June 30, 20X1. There was no
balance of uncollected taxes on July 1, 20X0.

3. Tax anticipation notes in the face amount of $300,000 were issued.

4. Other cash collections were as follows:

Licenses and permits $270,000 200,000

Fines
Sale of public works equipment 15,000
(original cost, $75,000)
$485,000
Total
S17-3 (continued)

5. The following purchase orders were executed:

Outstanding on June
Total 30, 20X1
General governmental $1,050,000 $60,000

Police services 300,000 30,000

Fire department services 150,000 15,000
Public works services 250,000 10,000
Fire engines 400,000 -0-

Total $2,150,000 $115,000

6. No encumbrances were outstanding on June 30, 20X0.

7. The following vouchers were approved.

General governmental $1,440,000

Police services 1,155,000

Fire department services 870,000
Public works services 700,000
Fire engines 400,000

Total $4,565,000

8. Vouchers totalling $4,600,000 were paid.

Required
Prepare journal entries to record the preceding financial activities in the general
fund, assuming that separate appropriation and expenditure accounts are
maintained for each function of the city. Ignore interest accruals.