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Journal Entries. Prepare the journal entries necessary in the fund-based and government-wide journals to record each of the following transactions....

Journal Entries. Prepare the journal entries necessary in the fund-based and government-wide journals to record each of the following transactions. Be sure to indicate to which fund your entry(ies) apply in the fund-based journal and the type of activity (GT = governmental-type activities, BT = business-type activities) in the government-wide journal. Additionally, if the entry is the same at the government-wide level, indicate this with “SAME” and if no entry applies then indicate with “NE”. If a transaction results in multiple entries, YOU SHOULD INDICATE CLEARLY WHETHER EACH ENTRY IS CHANGED, THE SAME, OR RESULTS IN NO ENTRY. (5 points each)

(1) During January, property owners were billed for $3,000,000 in property taxes for the current tax years’ levy. Of this amount, 4% is estimated to be uncollectible.
10. Journal Entries. Prepare the journal entries necessary in the fund-based and government-wide journals to record each of the following transactions. Be sure to indicate to which fund your entry(ies) apply in the fund-based journal and the type of activity (GT = governmental-type activities, BT = business-type activities) in the government-wide journal. Additionally, if the entry is the same at the government-wide level, indicate this with “SAME” and if no entry applies then indicate with “NE”. If a transaction results in multiple entries, YOU SHOULD INDICATE CLEARLY WHETHER EACH ENTRY IS CHANGED, THE SAME, OR RESULTS IN NO ENTRY. (5 points each) (1) During January, property owners were billed for $3,000,000 in property taxes for the current tax years’ levy. Of this amount, 4% is estimated to be uncollectible. Fund-Based Journal Government-wide Journal Fund Type: Activity Type: (2) The General Fund transferred $100,000 to the Motor Pool Internal Service Fund to be used for general operating purposes. Fund-Based Journal Government-wide Journal Fund Type: Fund Type: Activity Type:
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(3) The General Fund received a $2000 water bill from the city’s Water Utility Fund and immediately paid it. Fund-Based Journal Government-wide Journal Fund Type: Fund Type: Activity Type: Governmental Activity Type: (4) The city purchased new computer equipment costing $19,000 by paying $3,000 in cash and signing a long-term note payable for $16,000. Fund-Based Journal Government-wide Journal Fund Type: Activity Type: (5) The following were collected in cash: Current taxes of 400,000, delinquent taxes of 11,000, other revenues of 10,000 from a number of sources. Fund-Based Journal Government-wide Journal Fund Type: Activity Type:
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