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The city council of E. Staatsboro approved the following budget for the General Fund for fiscal year 2021:

Estimated Revenues

Property Taxes $335,000

License Fees 40,000 Fines and Penalties 15,000

Appropriations

Salaries $350,000

Supplies and Utilities 30,000

Debt Service Interest 3,000

The city uses encumbrance accounting and does not maintain a provision for uncollectible accounts. The fiscal year is the same as the calendar year. Prepare the appropriate journal entries for each of the following transactions:

1. Record the approved budget.

2. Levied property taxes of $335,000 and mailed tax bills to property owners.

3. Ordered supplies expected to cost $18,000.

4. The supplies arrived, along with an invoice for $19,000; the city paid the invoice immediately.

5. Received cash ($383,000) from the following sources: property taxes ($330,000), licenses and fees ($38,000), fines and penalties ($15,000).

6. Paid cash for the following purposes: unpaid vouchers at the start of year ($8,000); salaries ($340,000); utility bills ($11,000).

7. Will pay salaries for the last few days in December, amounting to $2,000, at the end of the first pay period in January 2022; also, received in early January 2022 a utilities invoice for $1,000 applicable to December 2021.The city uses the account, Accrued expenditures payable, for all year-end accruals.

8. Closing entries were prepared for the General Fund budget.

9. Closing entries were prepared for General Fund temporary accounts

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