I need help with the journal entries

General Journal General Fund:		General Journal Governmental Activities:
1					1	none
2					2	none
3	First, "un"write off the accounts (reestablish them)			3	First, "un"write off the accounts (reestablish them)
	Second, let's accrue for the interest since write-off				Second, let's accrue for the interest since write-off
	Third, let's record the receipt of $$					Third, let's record the receipt of $$
4					4
5					5
6					6
7					7
8					8
9					9
10					10
11					11
12					12
13	Inventory of Supplies	3,000			13	Inventory of Supplies	3,000
	Reserve for Inventory of Supplies		3,000			Expenses		3,000
						(we are assuming that when we purch the supplies, we recorded it
						as an expenditurenow, we are removing the expenditure for the
						portion we didn't use)
14					14
Closing Entries (I did the T-Accts first so I could know balances):
1a
1b
2
**1a, close budget (you can do two entries for the budget revision or combine)
**1b, close encumbrances
**2, close RED ones (revenues/expenditureso dividends) :)
**side note, you can combine that into one giant entry and close all temp ones

1-8 Part B.Additional Operating Transactions, Special Topics, and End-of-Year General Fund Balance Sheet. Part B continues transactions of the City. of Macon's General Fund. The following transactions occurred during the last half of the fiscal year. 1. Because of a change in a state law, the City of Macon has been informed that it will receive $80,000 less in state revenue than was budgeted. 2. Purchase orders and other commitment documents in the amount of $1,032,000 were issued during the six months ended April 30, 2008. 3. Property taxes of $6,500 and interest and penalties receivable of $1,340, which had been.written off in prior years, were collected. Additional interest of $250 that had accrued since the write-off was collected at the same time. 4. Personnel costs, excluding the employer's share of the FICA tax, totaled $338,420 for the second six months. Withholdings amounted to $25,890 for FICA, $42,510 for employees' federal income tax liability, and $14,400 for state withholding tax. The balance was paid to employees in cash. 5. The employer's FICA tax of $25,890 was recorded as a liability. 6. The County Board of Review discovered unassessed properties of a total taxable value of $500,000 located within the City of Macon. The owners of these properties were charged taxes at the City's General Fund rate of $5 per hundred dollars of assessed value. (You need not adjust the Estimated Uncollectible Current Taxes account.) 7. The following were collected in cash: Current taxes of $927,000, delinquent taxes of $43,270, interest and penalties of $7,330, and revenues of $593,700 from a number of sources. (No part of any of these amounts is included in any other transaction given.) 8. Accrued interest and penalties, estimated to be 30 percent uncollectible, was recorded in the amount of $23,200. 9. All unpaid current year's taxes became delinquent. The balances of current tax receivables and related estimated uncollectibles were transferred to the delinquent classification. 10. All amounts due to the federal government and state government were vouchred. 11. Invoices and bills for goods and services that had been encumbered at $1,097,240 were received and vouchered at an actual cost of $1,092,670. 12. Personal property taxes of $39,940 and interest and penalties of $4,180 were written off because of the inability to locate the property owners. 13. A physical inventory of materials and supplies at April 30, 2008, showed a total of $19,100. Inventory is recorded using the consumption method. 14. Payments made on vouchers during the second half-year totaled $1,202,600. Required a. Record in general journal form the effect on the General Fund and governmental activities for the second half of fiscal year 2008. b. Record in general journal form entries to close the budgetary accounts and operating statement accounts. c. Prepare a General Fund balance sheet as of April 30, 2008. d. Prepare a statement of revenues, expenditures, and changes in fund balance for the fiscal year ended April 30, 2008. Do not prepare the government-wide financial statements