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Part B (1)-Chapter 5-Journal entries for General Fund financial transactions for Croton City Prepare journal entries, as appropriate, to record these transactions. (We suggest you post the journal entries to general ledger Taccounts.) Note: The Croton City continuing problem is introduced in Chapter 3 on page 3-32. You should review chapter the scenario in Chapter 3 before preparing the journal entries for the General Fund in this perty taxes receivable at January 1. s7S0 was collected in cash. The remaining $20 was recognized as revenue written off as uncollectible. Deferred property taxes at the beginning of the year were (S300) 2. Accrued salaries from the previous year ($700) were paid. 3. Property taxes in the amount of $9.030 were levied in order to provide revenues of s9.000. Tax bills were sent to the property owners. An allowance for uncollectible taxes was established 4. During the year, property taxes of S8, 100 were collected in cash 5. The state collects personal income taxes on behalf of the city. During the year. Croton received personal income taxes of $4.600 from the state 0. The Parks Department collected $700 in recreation fees during the year. 7. Croton paid salaries of $13.600. charging the salary appropriations as follows: Public safety So,700 Public works 4.700 Parks 2.200 Part B (1)-Chapter 5-Journal entries for General Fund financial transactions for Croton City Prepare journal entries, as appropriate, to record these transactions. (We suggest you post the journal entries to general ledger Taccounts.) Note: The Croton City continuing problem is introduced in Chapter 3 on page 3-32. You should review chapter the scenario in Chapter 3 before preparing the journal entries for the General Fund in this perty taxes receivable at January 1. s7S0 was collected in cash. The remaining $20 was recognized as revenue written off as uncollectible. Deferred property taxes at the beginning of the year were (S300) 2. Accrued salaries from the previous year ($700) were paid. 3. Property taxes in the amount of $9.030 were levied in order to provide revenues of s9.000. Tax bills were sent to the property owners. An allowance for uncollectible taxes was established 4. During the year, property taxes of S8, 100 were collected in cash 5. The state collects personal income taxes on behalf of the city. During the year. Croton received personal income taxes of $4.600 from the state 0. The Parks Department collected $700 in recreation fees during the year. 7. Croton paid salaries of $13.600. charging the salary appropriations as follows: Public safety So,700 Public works 4.700 Parks 2.200

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